Section 149: General provisions as to payment.

(1) In this section, "trustee" means an offeree company or any person who holds money or property in trust pursuant to an order made under paragraph (b) of subsection (9) of section 147 of this Act.
(2) A trustee shall not be required to give money or other consideration to a person applying for it under section 148 of this Act unless he is satisfied that person is entitled to it.
(3) The court may:
(a) on the application of any person, direct that the person is or is not a person entitled under section 148 of this Act to any money or other consideration; or
(b) on the application of a trustee, direct that any money or other consideration held by the trustee and in respect of which no application has been made under section 148 of this Act in the period of three years after the nomination of the take-over bid concerned, be paid or transferred to, and held by the Commission, and in that event a claim by a person claiming to be entitled to the money or consideration shall be made to the Commission for determination.