I' — TAMIL NADU ACT No. XIV OF 19482 — Roop's Law Assist Statutes

1 \'I' > p 9 I' " 'I "'C p >$&?y9.h.y$ "* .;q Aihd Znstirwim 12948: T.N. Act XIV (Prohibition of Trarsfet-s of Property' + + or of the current market value of the land or building referred to in sub-section (I), clause (b), or of both, as the case may be ; (iii) the transfer is made for any other valid reason,-provided repayment is made to the Government in fuIl of the grant referred to in sub-section (I), clause (a), or of the current market value of the land or building referred to in sub-section (1), clause (b), or of both, as the case may be. Explanation.-When granting permission 'under clause (i) or (ii) for the transfer of any land or building, the Government may impose such conditions hdfihhli g y p as they deem fit to ensure that the assets resulting from the transfer are utilized wholly or in part, as the case may be, in furtherance of the purposes referred to in those clauses ; but a contravention of any such condition imposed on the transferor shall not invalidate the transfer. Lf any such land or building is transferred without such permission, the transfer shall be null and void. If, in any case, the Government, after giving the manager of the institution concerned a reasonable (a) if the land, or the land on which the building stands, belonged to the Government and was transferred by them for the purposes of the institution, direct the Collector to take possession of the land and of the building, if any, standing thereon, or at their option, direct h hifll hk gyg p the manager to pay to them in full the current market value of the land (together with that of the builalng h (gg where it was also transferred by them) and also the amount of the grant, if any, made by the Government ld gyy for improving, altering or constructing the land or bddi p bddixag; I * ' / 4 4

Section 1