Part II, Section 2 notifications in the Tamil Nadu Government Gazette, 28th October 2009

What this gazette contains

The Tamil Nadu Government Gazette, Part II, Section 2, published by the Government of Tamil Nadu on 28th October 2009, publishes Secretariat Department notifications that affect sections of the public. In this issue, the published items come from the Agriculture Department, Commercial Taxes and Registration Department, Higher Education Department and Home Department.

Why this may matter for land and property readers

For most property readers, the key material is in the Home Department notifications under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997. These notifications deal with attachment, rescission of attachment, or amendment of earlier attachment notifications concerning financial establishments.

If you are checking whether a property may be tied up in depositors' protection proceedings, these notices are relevant because they record Government action affecting identified properties or earlier attachment orders.

Key Home Department notifications

Chellandiamman Finance and Corporation, Coimbatore

The Home Department, G.O. Ms. No. 734, Home (Police XIX), dated 28th August 2009, published a rescission of the ad interim attachment relating to Thiruvalargal Chellandiamman Finance and Corporation, Coimbatore.

Key points:

• The Special Court under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997 ordered that the ad interim attachment made in G.O. Ms. No. 667, Home, dated 5th August 2005 be raised.
• The Competent Authority and District Revenue Officer, Coimbatore requested necessary orders based on that court order.
• The Inspector General of Police, Economic Offences Wing II, Chennai endorsed the proposal.
• The Governor of Tamil Nadu rescinded G.O. Ms. No. 667, Home, dated 5th August 2005.

Andavan Finance and Investment, Coimbatore

The Home Department, G.O. Ms. No. 735, Home (Police XIX), dated 28th August 2009, amends Home Department Notification No. II(2)/HO/818/2005, dated 26th September 2005, relating to Thiruvalargal Andavan Finance and Investment, Coimbatore.

The amendments are:

• Wherever the expression "Andavan Finance" occurs, it is replaced with "Adhavan Finance".
• In the schedule, under details of immovable properties, against Serial Number 3, the expression "5.46" is replaced with "5-30".

Sri Ram, Vani and Lalitha Finance, Salem

The Home Department, G.O. Ms. No. 736, Home (Police XIX), dated 28th August 2009, makes an ad interim attachment of movable properties of Sri Ram, Vani and Lalitha Finance, Salem.

Key points:

• Complaints had been received from a number of depositors about default in return of deposits after maturity.
• The Government states that the establishment is not likely to return deposits.
• Earlier ad interim attachment orders had already been made, but those properties were stated to be insufficient for repayment of depositors.
• Additional movable properties are attached and control is transferred to the Competent Authority and District Revenue Officer, Salem.

Other notifications in this issue

Other published items include:

• appointment of Public Information Officers and Appellate Authorities in the Agriculture Department under the Right to Information Act, 2005,
• consolidation of stamp duty for share certificates of M/s. Sundaram-Clayton Limited,
• consolidation of stamp duty for policies issued by the Life Insurance Corporation of India through its branches in Tamil Nadu for a stated period,
• tax exemption for Thiruvalargal HCL Infosystems Limited, Office Automation Division, Chennai on a stated sale,
• appointment of Dr. K. Vaithianathan as Vice-Chancellor of Tamil Nadu Physical Education and Sports University, Chennai.