G.O.(D). No.217, Induction of New Directors and Transfer of Shares, 2018
The Rural Development and Panchayat Raj (CGS-2) Department issued G.O.(D). No.217 on 4 May 2018 to approve the transfer of two shares in the Tamil Nadu Rural Housing and Infrastructure Development Corporation to serving directors. The document concerns the corporation's board and shareholding arrangements, and does not record any change to private land ownership, land classification or property rights.
What the document does
The Rural Development and Panchayat Raj (CGS-2) Department issued G.O.(D). No.217 on 4 May 2018. It accepts a proposal from the Director of Rural Development and Panchayat Raj, who was also the Managing Director of the Tamil Nadu Rural Housing and Infrastructure Development Corporation, for the transfer of two corporation shares to serving directors.
The proposal followed a resolution passed at the corporation's 30th Board Meeting on 28 March 2018. The resolution concerned the induction of a new director and the transfer of shares previously held in the names of former directors.
Approved share transfers
G.O.(D). No.217 approves the following transfers:
- One share valued at Rs.100, held by Thiru S. Krishnan in his former capacity as Principal Secretary of the Planning Development and Special Initiatives Department and former director of the corporation, is transferred to Dr T.V. Somanathan. Dr T.V. Somanathan is identified as Principal Secretary of that department and a director of the corporation.
- One share valued at Rs.100, held by Thiru Dharmendra Pratap Yadav in his former capacity as Principal Secretary of the Housing and Urban Development Department and former director of the corporation, is transferred to Thiru S. Krishnan. Thiru S. Krishnan is identified as Principal Secretary of that department and a director of the corporation.
The Director of Rural Development and Panchayat Raj and Managing Director of the Tamil Nadu Rural Housing and Infrastructure Development Corporation is directed to take further action on these transfers.
Who is affected
G.O.(D). No.217 directly concerns the Tamil Nadu Rural Housing and Infrastructure Development Corporation, its Managing Director, the named directors, and the relevant government departments. It updates who holds two corporation shares connected with directorship positions.
Relevance to property owners and buyers
G.O.(D). No.217 contains no provision changing ownership of land, land classification, planning permission, housing eligibility or property registration. A buyer or landowner would not use it as evidence of title or as an approval affecting a particular property. Its recorded effect is limited to the corporation's internal director and shareholding arrangements.
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Common questions
Does G.O.(D). No.217 transfer any land or house?
No land or house transfer is recorded. The document approves the transfer of two shares in the Tamil Nadu Rural Housing and Infrastructure Development Corporation.
How many corporation shares are transferred?
Two shares are transferred. Each share is stated to have a value of Rs.100.
Why were the shares transferred to different officials?
The shares stood in the names of officials described as former directors. They were transferred to officials identified as current departmental Principal Secretaries and directors of the corporation.
Who must carry out the approved transfers?
The Director of Rural Development and Panchayat Raj and Managing Director of the Tamil Nadu Rural Housing and Infrastructure Development Corporation is directed to pursue further action.
