G.O.(D). No.511, Induction of New Chairman / Director and Transfer of Share, 2016
The Rural Development and Panchayat Raj (CGS.2) Department issued G.O.(D). No.511 dated 20 December 2016 to transfer one share valued at Rs. 100 in the Tamil Nadu Rural Housing and Infrastructure Development Corporation from its former Chairman and Director, Thiru Gagandeep Singh Bedi, I.A.S., to its new Chairman and Director, Thiru Hans Raj Verma, I.A.S. The order concerns the corporation's management and shareholding record, and does not set out any change to private land ownership, land classification or property rights.
What the order does
The Rural Development and Panchayat Raj (CGS.2) Department issued G.O.(D). No.511 dated 20 December 2016 after considering a proposal from the Director of Rural Development and Panchayat Raj and Managing Director of the Tamil Nadu Rural Housing and Infrastructure Development Corporation.
The proposal followed a resolution passed at the corporation's Board Meeting held on 28 September 2016. It concerned the induction of a new Chairman and Director and the related transfer of a share.
Share transfer approved
G.O.(D). No.511 dated 20 December 2016 directs the following corporate share transfer:
- One share valued at Rs. 100 was standing in the name of Thiru Gagandeep Singh Bedi, I.A.S., the former Chairman and Director of the Tamil Nadu Rural Housing and Infrastructure Development Corporation.
- That share is to be transferred to Thiru Hans Raj Verma, I.A.S.
- Thiru Hans Raj Verma is identified as Chairman and Director of the Tamil Nadu Rural Housing and Infrastructure Development Corporation and Principal Secretary to Government, Rural Development and Panchayat Raj Department.
- The Director of Rural Development and Panchayat Raj and Managing Director of the corporation is directed to take further action to complete the transfer.
Who is affected
G.O.(D). No.511 dated 20 December 2016 directly concerns the Tamil Nadu Rural Housing and Infrastructure Development Corporation, its former and incoming Chairman and Director, and the officials responsible for updating the corporation's shareholding records.
The Housing and Urban Development Department is included among the recipients of the order, but no separate direction is given to that department in the source text.
Relevance to property owners and buyers
G.O.(D). No.511 dated 20 December 2016 is an administrative decision about the transfer of a single corporate share following a change in the corporation's leadership. It does not contain provisions changing land ownership, patta entries, land use, planning status, property boundaries, registration requirements or rights over any identified property.
A property buyer or owner therefore does not need to take any action based on the contents of this document alone.
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 G.O.(D). No.511 change ownership of any land or house?
No land or house transfer is identified. The document directs the transfer of one share valued at Rs. 100 in the Tamil Nadu Rural Housing and Infrastructure Development Corporation.
Who receives the corporation share under the order?
The share is transferred from Thiru Gagandeep Singh Bedi, I.A.S., former Chairman and Director, to Thiru Hans Raj Verma, I.A.S., Chairman and Director.
Why was the share transferred?
The transfer followed the induction of a new Chairman and Director and a resolution passed at the corporation's Board Meeting held on 28 September 2016.
Which official must take further action?
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 the required further action.
