primary law

Tamil Nadu Government Gazette, No. 51, Part II, Section 2 (2025)

The Government of Tamil Nadu published the Tamil Nadu Government Gazette, No. 51, Part II, Section 2, dated 24 December 2025, containing notifications from the Commercial Taxes and Registration Department under G.O. (Rt) No. 484 and G.O. (Rt) No. 483, both dated 4 December 2025, and property attachment orders from the Home Department under G.O. (2D) No. 359, dated 5 November 2025, and G.O. (4D) No. 192, dated 13 October 2025. The notifications consolidate or amend stamp duty arrangements for specified insurance policies and attach movable assets connected with deposit defaults by named financial establishments, including an amendment that increases an earlier consolidated stamp duty amount.

Category
Gazette notifications
Effective
1 January 2025
Pages
24
Status
In force
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What the Gazette covers

The Government of Tamil Nadu published these notifications for matters affecting sections of the public. They concern consolidated stamp duty on insurance policies and interim attachment of assets linked to financial establishments accused of failing to return matured deposits.

Insurance policy stamp duty

The Commercial Taxes and Registration Department issued the following provisions under the Indian Stamp Act, 1899:

  • G.O. (Rt) No. 484, Commercial Taxes and Registration (J1), dated 4 December 2025, permits the Life Insurance Corporation of India, Divisional Office, Madurai, to pay consolidated stamp duty of Rs.1,00,00,000 for insurance policies issued from 1 October 2025 to 31 March 2026.
  • G.O. (Rt) No. 483, Commercial Taxes and Registration (J1), dated 4 December 2025, amends Notification No.II(2)/CTR/668/2025 for policies issued by the P & GS Unit, Coimbatore. It extends the relevant period up to 31 May 2026 and replaces Rs.50,00,000 with Rs.1,50,00,000.

These provisions concern the named insurance offices and their consolidated payment of stamp duty on issued policies.

Chengalpattu financial establishments

The Home Department issued G.O. (2D) No. 359, Home (Police-XIX), dated 5 November 2025, after complaints that Yuva Shree Finance, A.K.Jewellery, Yoga Shree Finance, Varsha Finance and Lakshmi Narayanan Finance had failed to return deposits after maturity.

Key measures include:

  • Interim attachment of listed gold, silver, seized cash held as fixed deposits and frozen bank balances.
  • Transfer of control to the Competent Authority and Superintendent of Police (North Zone), Economic Offences Wing.
  • A listed total movable property value of Rs.1,80,83,516.46.
  • Direction to pursue proceedings before the Special Court with assistance from the Special Public Prosecutor.

A.K.Trader, Krishnagiri District

The Home Department issued G.O. (4D) No. 192, Home (Police-XIX), dated 13 October 2025, following complaints that A.K.Trader had failed to return matured deposits. It attaches additional movable properties, mainly listed bank account balances, beyond movable and immovable properties attached under G.O. (4D) No. 133, Home (Police-19) Department, dated 20 December 2024.

Control of the newly listed movable properties is transferred to the Competent Authority and District Revenue Officer, Krishnagiri District, for further proceedings before the Special Court.

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Common questions

Does the Gazette attach any specific land or house that I might be buying?

The supplied schedules for these notifications identify movable assets such as jewellery, cash, fixed deposits and bank balances. The A.K.Trader notification refers to movable and immovable properties attached under an earlier government order, but it does not provide details of those immovable properties in the supplied text.

What assets of the Chengalpattu financial establishments were attached?

G.O. (2D) No. 359, dated 5 November 2025, attaches listed gold and silver articles, seized cash deposited as fixed deposits and frozen bank account balances. Their listed total value is Rs.1,80,83,516.46.

Who controls the attached assets connected with A.K.Trader?

G.O. (4D) No. 192, dated 13 October 2025, transfers control of the listed movable properties to the Competent Authority and District Revenue Officer, Krishnagiri District.

Does the insurance stamp duty notification require individual policyholders to pay the consolidated amount?

The notifications provide for consolidated stamp duty payments relating to policies issued by the named Life Insurance Corporation of India offices. The supplied text does not place the consolidated payment obligation on individual policyholders.