Persons owning urban property to file statements

Persons owning urban property to file statements.

1. (1) Every person owning urban property in excess of the ceiling limit at the commencement of this Act shall, within such period as may be prescribed, file to the competent authority a statement containing the urban property owned by such person.
2. (2) Every statement prepared under sub-section
3. (1) shall contain the following particulars, namely :--
   • (i) the name and address of the person ;
   • (ii) particulars of all urban property owned by such person and the value thereof ;
   • (iii) particulars of urban property which such person desires to retain within the ceiling limit, and
   • (iv) such other particulars as may be prescribed.