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Reshma K   20 March 2011 at 14:07

Rule Against Perpetuity

Hi, Can you explain the Rule of perpetuity in simple. I am not able to understand the logic of 18 years.

When the prior interest dies, the vesting can be delayed upto maximum of 18 years. I don't understand this logic...why would they delay for 18 years...what are the reasons...who holds the interest in the property till then....

I fail to understand how this mere dealy of 18 years is related to perpetuity??? can you pls explain. Also what is the need for two separate sections 13 and 14, how are the two sections really different, except for the additional talk of 18 years in sec 14...can you provide some clarity

rajatbatradelhi@indiatimes.com   20 March 2011 at 13:45

freehold on foreign gpa

respected expert,can i get a plot freehold in my name on the basis of gpa executed in my favour notarized in canada by the executant.this gpa was notarised in canada,and in india adhesive stamp was affixed at delhi tis hazari treasury & duly cancelled by nct of delhi stamp.but this gpa was not presented in sub registrar ofiice in 1996.

Dhingra P.S.   20 March 2011 at 11:08

HAPPY HOLI

Happy Holi to all the Experts & other Members of Lawyers Club India.

Anonymous   20 March 2011 at 10:11

Parental property

We are three brothers and two sisters. All were married and now father died last month. I am the youngest. My middle brother went at the age of 25 to my uncle's family as caretaker, where they have no child. they made with my parent resigistration but now they have no such papers to show.
My elder brother doesnt have any interest to give any property to him. By the way my middle brother doesnt have any property to his name yet from my uncle's family.
Sisters views are parental property is divide into three parts and everybody take care of my mother.
now what are the options available to go

Elumalai   19 March 2011 at 22:49

Sharing of property

Hi sir,

My total land documents and passbooks are in my dad,s name some of my lands are my dad newly bought due to some problems my dad wants to put agreement to sell my land the prblem is my dad,s sister is asking half share of my property she got married since 1970 they are having more lands in thier place is there any chance to get share of my property pls provide assistance i get confused.

Anonymous   19 March 2011 at 15:52

division of property

My grand parents are expired 5 years ago.
they had 4 acres of land and a house. The land is in 3 parts , 1.3 arces approx each.

Now the legal heirs of the land are my father, and my 2 aunts who are married.

My aunts want the property to be divided and after that they will like to sell it off, while my father wants to build a house and does on one piece of land and does not want any division as he does not want the land to be sold off.

He has told my aunts that when ever he will sell then the amount will be equally divided amonst the tree but he is not willing to sell it now.

My aunts are insisting that thwy divide the land and do what ever individual wants.

Now they also tell that you can not build a house as they have an objection on it.

Please help me to know what can be done.

My father has also told them that if they too want to build house on the land they can but dont sell it, but they are no agreeing to it.

please help. can the aunts take legal action against my father if he builds a house on this land?

If the property is not divided now then what will happen after any one amongst the 3 dies?

Rubina   19 March 2011 at 15:33

Undervaluation of property

I have heard that if a property is purchased at a value lower than the market value, the IT dept can take over the same said property by paying difference in value and an added 15%.
Can someone please give me more information on the same??

Anonymous   19 March 2011 at 13:04

Partnership deed

The partnership deed made between three Parties. Father and 2 brother but father and one brother died now how the legal heirs claim on bond amount ?

Elumalai   19 March 2011 at 12:59

Property Rights

MY land is in my dad,s name and possesion of that asset is my dad.Is there any chances to get share my land to my dad,s sister.

Anonymous   18 March 2011 at 22:35

Query

if a company director sell a property belonging to the company without any such resolution what is the remedy available to a share holder and where shall he approach for the remedy? can he approach the civil court in spite of the company law board?