Right to acquire, hold, and dispose of property.
Explanation
The Constitution of India originally guaranteed the Right to Property as a Fundamental Right under Part III. However, to facilitate land reforms and reduce economic disparities, this right was removed from the category of Fundamental Rights through a constitutional amendment.
Option Analysis
- Freedom to assemble peacefully without arms. is incorrect: The freedom to assemble peacefully without arms remains a Fundamental Right under Article 19(1)Freedom to form associations or unions..
- Freedom to form associations or unions. is incorrect: The freedom to form associations or unions (including cooperative societies) remains a Fundamental Right under Article 19(1)Right to acquire, hold, and dispose of property..
- Right to acquire, hold, and dispose of property. is correct: The right to acquire, hold, and dispose of property was originally guaranteed under Article 19(1)(f) and Article 31. It was deleted from the list of Fundamental Rights by the 44th Constitutional Amendment Act, 1978. It is now a legal or constitutional right under Article 300A in Part XII of the Constitution.
- Freedom to move freely throughout the territory of India. is incorrect: The freedom to move freely throughout the territory of India remains a Fundamental Right under Article 19(1)Freedom to move freely throughout the territory of India..
Key Takeaway: The Right to Property is no longer a Fundamental Right; it was converted into a legal right under Article 300A by the 44th Amendment Act, 1978.