Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Raj   28 January 2013 at 17:11

Gift deed

I wish to gift some shares in physical form to my sisters, which I have inherited from my mother (out of three sisters one has passed away and has two sons). I am given to understand that it should not be necessary to prepare a gift deed for the same. Is it so irrespective of the value of shares to be gifted.

rahul   28 January 2013 at 11:00

Affidavit

Please provide me with the format of an Affidavit to be submitted with RTO as an address proof, where i am residing but have no address proof as i am living with my brother. Please guide
Thanks..

Jignesh   27 January 2013 at 19:05

Two paragraphs in power of attorney

Two persons – X & Y , purchased a few acres of agricultural land in a certain Survey No. in Gujarat & got it converted into Non-agricultural land . Then they approached a third person – Z & created a Partnership Firm with him . X & Y brought in the above-mentioned Land as their capital contribution in the new Firm . So, the new Firm has 3 Partners – X,Y, & Z . The Firm developed the Land as Farmhouse Property & divided the land into many plots . Then , X & Y made a Power of Attorney in which they appointed Z as the attorney & gave various authorities to him such as :-
(i) to represent them in all respects in the entire business of the firm .
(ii) to buy more land , etc in the name of the firm
(iii) to construct any house property on behalf of the firm
(iv) opening & operating bank accounts & borrowing money in the name of the firm
(v) to enter into any contracts on behalf of the firm
(vi) Investing funds of the Firm as he may deem fit
(vii) Selling plots in the land belonging to the firm developed as Farmhouse Property
Etc , etc .

Now , the final 2 paragraphs in this Power of Attorney read as follows :

“This Power of Attorney shall not be affected by the subsequent disability of incompetence of the Principal “ .

“ To induce any third party to act hereunder , I hereby agree that any third party receiving a duly executed copy of this instrument may act hereunder and that revocation or termination thereof shall be ineffective so to such third party unless & until actual notice or knowledge or such revocation have been received by such third party and I for myself for my heirs , executors ,legal representatives and assignees hereby agree to indemnify and hold harmless any such third party from and against any and all claims that may arise against such third party by reason of such third party having relied on the provisions of this instrument .”

Can someone please explain to me what these last two paragraphs actually mean ?

sreevichin   25 January 2013 at 20:25

The tamilnadu apartment ownership act 1994 and rules thereunder

The Absolute sale deed (year1980) given to the apartment owners does not add up to the total extent of land . Now in 2013 the apartment owners want to redevelop the project. the undivided share retained by the original developer before 30 years is not represented by any apartment in the complex. does the original developer still have any right in the redevelopment. The Tamilnadu apartment ownership act 1994 and rules talks about the DEED OF APARTMENT, Where it says the uds is to share according to the plinth area of the apartment. the original developer does not have any apartment in the complex not does he possess any ownership of any apartment ,if at all the original developer goes ahead with the redevelopment will the sale deed signed by the original developer for the left out portion valid ,( will it be accepted by the bank etc for purpose of loan) since the property as a whole belongs to the apartment owners no portion for retention is contemplated by the said act

abhilash rathod   24 January 2013 at 19:26

Birth certificate

Hi my wife want to obtain birth certificate for fresh passport but problem is that she does not have because she was born in nepal and now she wants new certificate here in mumbai how can jt be possibke now???

Tarun Sati   24 January 2013 at 11:14

Perpetual agreements

Query:

Pls guide types of agreements which can be terms as perpetual agreements.

George Lobo   23 January 2013 at 15:56

Agreement of sale

I have been given a flat by a builder as part payment under a M O U to sell my ancestral property to him. A agreement of sale was also entered and registered and possession of the flat handed over to me without any payment.

However as the ancestral property is under litigation , I now want to return the flat to the builder and Mutually cancel the M O U.

My query - Since the agreement of sale was registered , can the agreement be revoked?

shiv   23 January 2013 at 01:12

Regn for cst plz advice for fee ,time and document.

dear expert sir ,
plz advice me that wt r the procedure for cst regn , fee, time , documents, and other details .
plz also mail to my mail id : indshiv2002@gmail.com

shiv   23 January 2013 at 00:48

Re: how i make and regn sole propritership

dear all respected expert ji ,

how i make and document required for making a sole propritership. and where i get a regn no . please give some suggestion . on my mail id indshiv2002@gmail.com and in this mail box also ,,

thanks

S.Singh   23 January 2013 at 00:00

Failure to surrender the certificate of practice

i have a query , as per the bar council rule were an advocate Joins an alternate employment he is required to surrender his registration certificate with the bar council.

my query is the were an advocates Joins an alternate employment and fails to surrender his registration certificate with the bar council and subsequently after a short period he resigns from that employment and resumes his practice. in the circumstances, as the advocate has already resumed his practice he is not in the position to surrender his registration certificate....what the advocate is required to do under the circumstances? and would he be facing any penalty..for this innocuous lapse on his part .. Kindly reply .