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TMI BlogPrescribed class of persons for the purpose of clause (XI) of the proviso to clause (x) of sub-section (2) section 56X X X X Extracts X X X X X X X X Extracts X X X X ..... such immovable property based on the latest Power of Attorney, Agreement to Sale, Will, possession letter and other documents including documents evidencing payment of consideration for conferring or recognising right of ownership or transfer or mortgage in regard to such immovable property in favour of such resident. Explanation.-For the purposes of this sub-rule,- (a) resident means a person having physical possession of property on the basis of a registered sale deed or latest set of Power of Attorney, Agreement to Sale, Will, possession letter and other documents including documents evidencing payment of consideration in respect of a property in unauthorised colonies and includes their legal heirs but does not include tenant, l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be, where the said share has been allotted by the reconstructed bank under the scheme at a price specified in sub-paragraph (3) of paragraph 3 of the scheme. Explanation. - For the purposes of this sub-rule,- (a) investor shall have the same meaning as assigned to it in sub-clause (b) of clause (1) of paragraph 2 of the Scheme; (b) investor bank shall have the same meaning as assigned to it in sub-clause (c) of clause (1) of paragraph 2 of the Scheme; (c) reconstructed bank shall have the same meaning as assigned to it in sub-clause (d) of clause (1) of paragraph 2 of the Scheme; (d) Scheme means Yes Bank Limited Reconstruction Scheme, 2020. ] 5 [ (4) any movable property, being equity shares, of a public sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e (p) of regulation 2 of the International Financial Services Centres Authority (Fund Management) Regulations, 2022; and (c) investment manager entity means the fund manager of the original fund regulated by the respective regulation of the jurisdiction in which the original fund is located. ] *********** NOTES:- 1. Inserted vide Notification No. 96/2019 dated 11-11-2019 w.e.f. 01-04-2020 2. Substituted vide NOTIFICATION NO. G.S.R. 124(E) dated 17-02-2020 w.e.f. 01-04-2020 before it was read as (b) unauthorised colony means a colony or development comprising of a contiguous area, where no permission has been obtained for approval of layout plan or building plans and has been identified for re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of a property in unauthorised colonies and includes their legal heirs but does not include tenant, licensee or permissive user; 2 [ (b) unauthorised colony shall have the same meaning as assigned to it in clause (b) of section 2 of the National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019 (45 of 2019) ]] 4. Inserted vide NOTIFICATION NO. 105/2021 dated 10-09-2021 w.e.f. 01-04-2022 5. Substituted vide NOTIFICATION NO. 35/2023 dated 31-05-2023 w.e.f. 01-04-2023 before it was read as, 4 [ (4) any movable property, being equity shares, of the public sector company, received by a person from the Central Government or any State Government under strategi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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