Notification S.O. 1697(E), dated 18th December, 1985 [N12-2YT]
As at 7 September 2026. In force from 18 December 1985.
S.O. 1697(E).—In exercise of the powers conferred by section 10 of the British India Corporation Limited (Acquisition of Shares) Act, 1981 (29 of 1981), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts transferees whose the occupation of land does not exceed five thousand rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Collector in writing of the commencement of the occupation of land within sixty days of such commencement.
Made under
Recital: "In exercise of the powers conferred by section 10 of the British India Corporation Limited (Acquisition of Shares) Act, 1981 (29 of 1981), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the British India Corporation Limited (Acquisition of Shares) Act, 1981 (29 of 1981) [S1R-W11]. Vires verified.
Acts on (1)
Exempts Section 4, British India Corporation Limited (Acquisition of Shares) Act, 1981 [S1R-VVC], 18 December 1985. "section 4 of the said Act".
Acted on by (0)
none
Not held (0)
none