Tamil Nadu Government Gazette, No. 15, Part II, Section 2 (15 II 2 v5)

What the gazette covers

Tamil Nadu Government Gazette No. 15, Part II, Section 2 contains notifications and orders issued by Secretariat Departments for matters affecting sections of the public. The supplied text includes financial measures and an asset attachment that may affect depositors, companies, landowners and anyone dealing with the listed properties.

Consolidated stamp duty

G.O. Rt. No. 287, Commercial Taxes and Registration (J1) Department, dated 1st April 2013, provides for consolidated stamp duty under the Indian Stamp Act.

• The consolidated duty is Rs.20,000.
• It applies to the issue of 2,000 fully convertible debentures.
• Each debenture has a face value of Rs.10,000.
• The debentures are issued by IL & FS Tamil Nadu Power Company Limited to Infrastructure Leasing and Financial Services Limited.

Government guarantee for bonds

G.O. Ms. No. 92, Finance (Loans and Advances Cell) Department, dated 26th March 2013, gives an unconditional and irrevocable guarantee for bonds issued by the Tamil Nadu Generation and Distribution Corporation Limited, Chennai.

• The guarantee covers repayment of principal aggregating Rs.6,382.68 crores.
• It also covers interest and other charges.
• The guarantee continues from the date of issue of the bonds until the principal is fully redeemed.

Attachment involving Suvi Emu Farms

G.O. Ms. No. 178, Home (Police XIX) Department, dated 19th March 2013, temporarily attaches movable and immovable properties standing in the names of directors of Messers Suvi Emu Farms (India) Private Limited, Erode District. The Government acted after complaints that matured deposits had not been returned and after concluding that the financial establishment was unlikely to repay depositors.

• Control of the attached assets is transferred to the Competent Authority and District Revenue Officer, Erode District.
• The schedule includes 909 emu birds, vehicles, a generator and agricultural land.
• Listed land is associated with C. Sankar and S. Indumathi and includes properties in Polanayakkanpalayam Village, Perundurai Taluk, Erode District.
• The schedule identifies land through survey numbers, patta numbers, extents and document details.
• The Competent Authority is directed to take further action, with assistance from the Special Public Prosecutor before the Special Court in Coimbatore.

A buyer dealing with land described in the schedule should note that the notified attachment places control with the Competent Authority.