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Property jointly acquired by the members of the joint family;Separate property of a member “thrown into the common stock”;Property acquired by all or any of the coparcener with the aid of joint family funds.In a case, the Supreme Court ob ..
“Ancestral property”: The property which descends from father, father’s father and great grandfather i.e. a person’s descendant’s up to three generations, viz., sons, son’s son, son’s son’s son acquire ..
SynopsisThe Indian Stamp Act, 1899 is a fiscal statute enacted to generate state revenue by imposing duty on legal instruments that record transactions. It does not regulate the transaction itself but ensures that documents evidencing such dealings a ..
Hindu Marriage Act, 1955: This governs for marriages among Hindus, Buddhists, Jains, and Sikhs.Muslim Marriage: Governed by Muslim personal law, which permits polygyny (though not promoted much in society).Christian Marriage: Governed by the Indian C ..
“Will” means the legal declaration of the intention of a testator concerning his property which he desires to be carried into effect after his death under Sec.2(h) of “the Indian Succession Act, 1925”. A Will, also called &lsq ..
A Govt. servant appointed in a pensionable establishment on or before 31.12.2003 and retires from Government service with a qualifying service of 10 years or more is eligible for pension. The date of voluntary retirement is treated as duty (Rule 5).P ..
Additional Security - Where additional property is offered as security for the debt already received through a duly stamped deed of mortgage by way of further assurance, it is called 'Additional Security. The duty is subject to a maximum of Rs.30 Ad ..
1. What is meant by Conveyance Deed ?Conveyance deed generally means an instrument whereby one party transfers his right, title, interest vested in immovable or movable property in favour of any other party, which is not otherwise specifically provid ..
KEY TAKEAWAYS: The Law of Registration of documents is governed by The Registration Act, of 1908. A few documents are mandatory to be registered for it to be valid in the eyes of the law. Acts under which the documents are compulsory to be registered ..
POWER OF ATTORNEYTHE POWERS-OF-ATTORNEY ACT, 1882ACT NO. 7 OF 1882[24th February, 1882.]Section 33 of the Registration Act, 190833. Power-of-attorney recognizable for purposes of section 32.1. What is meant by Power of Attorney?Power of Attorney is a ..
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