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SHASHIDHAR A (Sr.Manager - HR)     23 January 2018

Property - gold & silver coins

Respected Sirs, Request to confirm my doubt. While constructing a house in X's site and if luckily X find any property in the form of Gold or Silver coins under the ground during laying of foundation stone. Who will be the owner of that property? Whether the owner/owners can claim it OR will the Govt.'s seizes the property, if YES, whether owner or owners gets any share it. If YES, what could be the percentage. I also want to know under which law it is gourned. Request to clarify the same. Thank you in advance. Shashidhar A


Learning

 3 Replies

TGK REDDI   23 January 2018

Type Section 16 indian tresure trove act 1878 in Google.     Study.    Then type section 20 indian treasure and trove act 1878.    Study.      You may have an opportunity for further study.

Kumar Doab (FIN)     23 January 2018

GO thru;

The Indian Treasure Trove Act, 1878

https://asi.nic.in/pdf_data/9.pdf

 

The treasure is buried for less than 100 years!

Kumar Doab (FIN)     23 January 2018

Also go thru;

Madras High Court

State Of Tamilnadu vs Poovan Chettiar And Another on 19 February, 1996

 

https://indiankanoon.org/doc/661724/

 

You shall be clear..


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