The Gazette of India
EXTRAORDINARY
PART II—Section 1
PUBLISHED BY AUTHORITY
No. 55] NEW DELHI, SUNDAY, SEPTEMBER 30, 1973/ASVINA 8, 1895
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS (Legislative Department) New Delhi, the 30th September, 1973/Asvina 8, 1895 (Saka)
The following President's Act is published for general information: —
THE UTTER PRADESH CEILING ON PROPERTY (TEMPORARY RESTRICTIONS ON TRANSFER) THIRD AMENDMENT ACT, 1973 No. 18 or 1973
Enacted by the President in the Twenty-fourth Year or the Republic of India.
An Act further to amend the Uttar Pradesh Ceiling on Property
Ttemporary Restrictions on Transfer) Act 1972.
33 of 1978.
In exercise of the powers conferred by section 3 of the Uttar Pradesh State Legislature (Delegation of Powers) Act, 1973, the President is pleased to enact as follows:—
1. This Act may be called the Uttar Pradesh Ceiling on Property Short title.
(Temporary Restrictions on Transfer) Third Amendment Act, 1973-
2. In section 3 of the Uttar Pradesh Ceiling on Property (Temporary Restrictions on Transfer) Act,' 1972,—
U. P. Act: 36 of 1972.
Amend- ment of sec- tion 3.
(a) in sub-section (I), for the word and figures "September 30, 1973'', the word and figures "September 30, 1974" shall be substituted;
(b) in sub-section (5), for the words "two lakhs", the words "three lakhs" shall be substituted.
V. V. GIRI,
President,
6o6 THE GAZETTE OF INDIA EXTRAORDINARY [PAHT II—SEC. 1]Reasons for the enactment
The Uttar Pradesh Ceiling on Property (Temporary Restrictions on Transfer) Act, 1972, was enacted with a view to banning transfer oi urban properties during a period of three months. Such a step was con- sidered necessary because it was apprehended that pending considera- tion and passage of the, Uttar Pradesh Urban Property (Ceiling) Bill which had already been introduced in the State Legislative Assembly, some persons might transfer their urban properties with a view to de- feating the very purpose of the said Bill.
2. The said Bill has not yet become law. So it was considered neces- sary to extend the life of the Uttar Pradesh Ceiling on Property (Tem- porary Restrictions on Transfer) Act, 1972, from time to time and accord- ing to the latest amendment, the Act expires on 30th September, 1973. As the Ceiling Bill is not likely to become law before the said date, it i" proposed to continue the restrictions on transfer till September 30, 1974.
3. Under the Uttar Pradesh Ceiling on Property (Temporary Restric- tions on Transfer) Act, 1972, the District Collectors are authorised to per- mit any person to transfer his urban property if the value of such pro- perty held by him along with the members of his family does not exceed two, lakhs of rupes. It is proposed to raise this limit from rupees two lakhs to rupees three lakhs so as to provide reHef to all those persons who are not likely to be affected by the aforesaid Cellng Bill.
4. The present measure seeks to amend the principal Act suitably for the above purposes.
5. In view of the urgency of the matter, it is not practicable to consult the Consultative Committee of Parliament on Uttar Pradesh legislation. The measure is accordingly being enacted without reference to the Con- sultative Committtee.
A. N. KIDWAI,
Secy, to the Government of India, Ministry of Works and Housing.