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Balasubramanyam Doddanari   18 August 2021 at 11:52

General power of attorney

MY BROTHER IS STAYING IN LOS ANGELS-USA. WE ARE HAVING A PARENTAL PROPERTY IN INDIA FOR WHICH HE HAS EXECUTED A SPECIAL GPA FOR GETTING BANK LOAN PURPOSE ONLY (NOT FOR SALE) IN 2007 WHEN HE CAME TO INDIA AND THAT WAS REGISTERED IN SRO . AND NOW WE BOTH DECIDED TO SELL THE PROPERTY AND FOR THAT HE WANTS TO GIVE ME SALE RIGHTS BY CANCELLING THE PRIOR GPA (WHICH WAS GIVEN IN 2007) AND FRESHLY EXECUTE SALE GPA ON BEHALF OF ME. NOW MY QUESTION IS, IS IT POSSIBLE TO EXECUTE CANCELLATION OF OLD GPA AND EXECUTION OF SALE GPA IN A SINGLE DOCUMENT FRO USA.

Kripal G Rawat   18 August 2021 at 11:35

Amendment

how to amend partner ship agreement were a HUF is a partner and is it necessary to register a partner ship agreement

Anonymous   18 August 2021 at 11:12

Mcd booked property

i am interested in buying 125 sq yards building consisting of basement,stilt parking and four floors. on enquring it came to my notice that builder property was booked in 2012 by MCD due to exceess coverage/deviation from sanctioned plan. builder has assured to get it regularised from MCD if I go ahead with buying the property. can It be reguralised by paying penalties to MCD. what do you suggest? personally it is within my budget and i am very much interested to buy this property. can i avail bank loan against this property in current state? kindly suggest urgently.

Member (Account Deleted)   18 August 2021 at 00:07

Partnership to proprietorship

Me and my father(late) registered a partnership firm (50-50). My father was the managing partner of the firm. It was specifically mentioned in the deed that in case of death of any of the partner partnership shall not dissolve and share of the deceased will be automatically transferred to the other partner. Now my father has died. What do I need to do? Has the partnership automatically dissolved as I read somewhere in case of only two partners in a partnership, partnership shall dissolve automatically. Or in case of the above mentioned clause in the deed the partnership has automatically been converted to sole proprietorship? We have not yet registered for get as partnership.
Regards

Anonymous   17 August 2021 at 23:11

It companies severance pay

Does private companies like MNCs (Employers) esp in Hyderabad have any legal obligation to pay severance package to their terminated employees in the name of organization strategies ? Or how to protect/defend or what laws are there for the pvt employees being removed from service without any severance pay ?

srinivas   17 August 2021 at 17:30

Income tax

my self and my wife have investments in many mutual funds . as both of us are in 30% tax bracket ,can we give some of the funds as gift by making gift deed/deeds to our daughter who is still in the lowest tax bracket . will it invite any legal issues and taxation issues for us. since some folios are in single names and some are in joint names ,do we have to make separate giftdeeds as per our mutual fund folios . is yes what will be the charges per gift deed in maharashtra

srinivas   17 August 2021 at 17:22

Rights of third holder in property

sir
we want to buy a house and register it in the joint names of self ,spouse and daughter(who is 22years) . daughter is not contributing any amount for purchase of property but since she is the only child we want to include her name so that we need not make any separate will so that property goes to her after our death . will this invites any problems post her marraige or aftre death of myself or my spouse . pl advice

Vijaya Bhaskar   17 August 2021 at 16:12

Permission for old age homes

Dear Learned Experts
We are a registered Trust having 12AA, 80G in Karnataka serving people with disabilities for the last 24 years. Now we would like to extend our services to Old Age Homes (Senior Citizen or any age who are orphans). Though we have the objectives in the trust deed to carry such activities, do we need to obtain any special permission to run the Old Age Homes from the government. What are the Acts that regulate such old-age homes? Appreciate you thoughts and suggestions

Anonymous   17 August 2021 at 14:55

Penalty

Respected Sir/Ma'am

When will minor penalty be imposed, after the currency of the penalty period or prior to that?

Sachin Gupta   17 August 2021 at 14:17

Posession letter lost by seller . can i buy the property ?

Hi Experts,

I am interested in buying a property but the seller has lost the orignal posession letter (He has the photocopy ). The convence deed , builder buyer agreement and the orignal allotment letters are present .

Can I buy the property without posession letter (orignal) .

Will I be able to resale it ? Please guide