Tamil Nadu Rural Housing and Infrastructure Development Corporation, Induction of New Directors, Transfer of Shares, Orders Issued
The Rural Development and Panchayat Raj (CGS-2) Department issued Government Order (D) Number 65, dated 8 March 2019, approving transfers of one Rs.100 share in the Tamil Nadu Rural Housing and Infrastructure Development Corporation between three named directors. The document concerns the corporation's directors and shareholding arrangements and does not contain provisions affecting private land ownership or property transactions.
What the document does
Government Order (D) Number 65, dated 8 March 2019, was issued by the Rural Development and Panchayat Raj (CGS-2) Department. 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, concerning the induction of directors and transfer of one Rs.100 share.
The proposal was based on a resolution passed at the corporation's 31st Board Meeting, held on 1 February 2019 under Subject Number 4.
Who is affected
Government Order (D) Number 65 directly concerns the Tamil Nadu Rural Housing and Infrastructure Development Corporation and the following officials associated with its board:
- Dr. T.V. Somanathan, former Principal Secretary of the Planning and Development Department and former director of the corporation.
- Thiru Ashish Vachhani, Secretary of the Planning and Development Department and director of the corporation.
- Tmt. Jayashree Raghunandan, Additional Chief Secretary of the Planning and Development Department and director of the corporation.
- The Director of Rural Development and Panchayat Raj, acting as Managing Director of the corporation, who must take further action.
Key provisions
Government Order (D) Number 65 approves the following steps:
- One Rs.100 share standing in the name of Dr. T.V. Somanathan is to be transferred to Thiru Ashish Vachhani.
- The same Rs.100 share standing in the name of Thiru Ashish Vachhani is to be transferred to Tmt. Jayashree Raghunandan.
- The Director of Rural Development and Panchayat Raj, acting as Managing Director of the corporation, is directed to pursue the required further action.
Relevance to property owners and buyers
Government Order (D) Number 65 is an internal corporate and administrative decision about a share held by directors of the Tamil Nadu Rural Housing and Infrastructure Development Corporation. It does not set out rules for patta, land classification, property registration, land acquisition, planning permission or ownership of any private plot. A property buyer or owner would not need to take action based on the contents of this document.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does Government Order (D) Number 65 transfer any land or house?
No. It approves transfers of one Rs.100 share in the Tamil Nadu Rural Housing and Infrastructure Development Corporation between named directors.
Who receives the share under the approved transfers?
The document first directs transfer of the share from Dr. T.V. Somanathan to Thiru Ashish Vachhani, and then directs transfer of the same share from Thiru Ashish Vachhani to Tmt. Jayashree Raghunandan.
Does a Tamil Nadu property buyer need to take any action?
No action for property buyers is stated. The document deals with the corporation's director-related share transfer and directs its Managing Director to pursue further action.
Why were the share transfers approved?
The proposal followed a resolution passed at the 31st Board Meeting of the Tamil Nadu Rural Housing and Infrastructure Development Corporation on 1 February 2019 concerning induction of a new director and transfer of a share.
