PROCEDURE FOR REGISTRATION OF A GIFT DEED

The property transmitted as a gift is governed under the Indian Transfer of Property Act, 1882. A gift of property includes the execution of a gift deed to transfer ownership of one party's property to another party. The gift deed is a legal document used to give away immovable or mobile property that has been... Continue Reading →

WHAT IS COLLECTORS LAND

INTRODUCTION: Collector's properties are often distributed on a 99-year leasehold basis. The people who live in such leasehold premises are referred to as Class II occupants. As Class I owners of freehold homes, these residents' rights are restricted. The owner needs the collector's approval before they can rent, lease, gift, or sell the item. The... Continue Reading →

HINDU UNDIVIDED FAMILY PROPERTY

INTRODUCTION: India is a vast nation where many various religions and faiths are followed. They are subject to various personal laws. The majority of Hindus are also subject to a different set of personal rules regarding domestic matters including succession, marriage, and divorce. A Hindu man can start a HUF as soon as he gets... Continue Reading →

PROPERTY RIGHTS OF ILLEGITIMATE CHILDREN

The Latin root of the word "illegitimacy" means "not in conformity with the law." Since the relationship between the parents determines the children's legality, a child born out of wedlock is regarded as an illegitimate child. As a result, an illegitimate kid is referred to as being "nullis filius," which simply implies that they have... Continue Reading →

POWERS OF A COLLECTOR

The official title for a collector is "District Collector." He or she is the one who has granted authority to handle or collect taxes in a specific territory or district. He or she is the highest-ranking Indian Civil Administrative Officer in charge of managing a district's administration and revenue collection. Additionally endowed with executive magisterial... Continue Reading →

TRUST OWNED PROPERTY

TRUST PROPERTY: Trust property refers to the asset or assets that the grantor or settler (the trust creator) transfers into the trust for the purpose of providing benefits to the beneficiary or beneficiaries (an individual, group of individuals or public) during his or her lifetime or on his or his death (the grantor’s death). Trust... Continue Reading →

BUYING A PROPERTY THROUGH GENERAL POWER OF ATTORNEY

POWER OF ATTORNEY (POA): The concept of Power of Attorney has been discussed under two statutes of India which includes The Powers of Attorney Act, 1882, and The Indian Stamp Act, 1899. The Power of Attorney has been defined as the instrument which empowers a specified person to act on behalf of the person executing... Continue Reading →

MORTGAGE BY DEPOSIT OF TITLE DEED

A mortgage by deposit of title deed or an equitable mortgage of immovable property is a widely used methodology of creating security against a loan availed from banks and other financial institutions in India. But, it is easily open to fraud. This is because of the reason that it is created merely by the deposit... Continue Reading →

HOW TO CONVERT AGRICULTURAL LAND INTO NON-AGRICULTURAL LAND

Agricultural land is commonly defined as the part of the area of land that is under permanent pastures, crops or arable, and so forth. The law prohibits building houses, factories, industries, etc. on the agricultural land irrespective of the ownership of the property. Any construction on the agricultural land is allowed to take place only... Continue Reading →

ENGLISH MORTGAGE

The English Mortgage is defined in Transfer of Property Act, 1882 under Section 58(e). The Sub – Section (e) of Section 58 states that, “Where the mortgagor binds himself to repay the mortgage – money on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but it is subjected to a proviso... Continue Reading →

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