Tamil Nadu Government Gazette, Part II, Section 2, No. 44, 14th November 2012

What the gazette governs

The Tamil Nadu Government Gazette dated 14th November 2012 contains an amendment to a pension scheme and several property attachment notifications intended to protect depositors of financial establishments. The attachments were made under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997.

Ulemas Pension Scheme amendment

Government Order Ms. No. 112 of the Backward Classes, Most Backward Classes and Minorities Welfare Department, dated 8th October 2012, amends the Ulemas Pension (Tamil Nadu) Scheme, 1981.

• In clause 3, sub-clause (b), the words "three years" are replaced with "five years".
• The supplied text does not describe the eligibility condition to which that period applies.

Future Forex India Private Limited

Government Order Ms. No. 805 of the Home Department, dated 17th October 2012, temporarily attaches additional movable properties connected with Future Forex India Private Limited, Perambalur District.

• The Government recorded complaints that matured deposits had not been returned.
• Earlier attached immovable properties were considered insufficient for repayment to depositors.
• The additional properties include eight vehicles and listed gold jewellery.
• Control is transferred to the Competent Authority and District Revenue Officer, Perambalur District.
• The Competent Authority must continue the prescribed process, with assistance from the Special Public Prosecutor in Chennai.

Green Life, Coimbatore District

Government Order Ms. No. 806 of the Home Department, dated 17th October 2012, temporarily attaches an immovable property connected with Green Life.

• The property is held in the name of I. Mohamed Ismail Khan Ghori, proprietor of Green Life.
• The schedule describes property in Sundakkamuthur Village, Coimbatore Taluk, including a site measuring 1,950 square feet with a 1,328 square foot reinforced cement concrete building.
• Control is transferred to the Competent Authority and District Revenue Officer, Coimbatore District.

Global Capital Trading Services

Government Order Ms. No. 807 of the Home Department, dated 17th October 2012, concerns deposit defaults by Global Capital Trading Services, Dindigul District, and property connected with K.S. Palanichamy and other partners.

• The supplied schedule identifies a Fiesta vehicle, agricultural land measuring 4 acres and 77 cents in Ayyampalayam Village, and a housing plot measuring 1,316 square feet.
• Buyers and professionals dealing with a scheduled property should note that it is identified in a depositor protection attachment notification.