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Section 4 in The Gift-Tax Act, 1958 [Entire Act]

absolutely entitled to property causes or has caused the same to be vested in whatever manner in himself and any other person jointly without adequate ... vested; (e) where a person who has an interest in property as a tenant for a term or for life or a remainder man surrenders
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Section 4 in The Jute Companies (Nationalisation) Act, 1980 [Entire Act]

vested in the Central Government. (5) Any licence or other instrument granted to a jute company in relation to its undertakings which have vested ... purposes of such undertakings, and, on and from the date of vesting of such undertakings under section 6, in the Jute Manufactures Corporation, that Corporation
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