Devrath Roy
11 December 2016 at 05:41
Hi,
I want to purchase a freehold residential land in Ghaziabad,U.P for Rs.12,00,000 from an Individual seller on resale. This land is not approved by any developent authority. I have only Rs. 5,00,000 to pay now, and for payment of remaining Rs. 7,00,000, I and seller have decided to pay through monthly EMI of Rs. 10,000 for 840 months. Hence total amount i will pay Rs. 13,40,000 for that land which is inclusive of both principal and Interest.
I want the land to be registered on my name.
To execute a separate legal contract between me (Buyer) and Seller so that seller should entitle the recovery rights from me and I am obliged to pay the remaining balance amount payable on EMI of Rs. 10,000 for 840 months (Total 8,40,000) in cosideration of land of Rs. 12,00,000.
Please suggest me the best legal process to be followed which would entitle me (Buyer) the ownership right of the property and entitle the other party (the seller) the recovery rights of balance amount payable on EMI of Rs. 10,000 for 840 months (Total 8,40,000).
And please suggest me the process of land registration and sale deed execution while purchasing property in ghaziabad. How this sale will executed.?
Please address my both queries above.
Regards,
dev
srini
11 December 2016 at 03:20
Sir, I bought one ground vacant land as undivided with my brother ten years back through bank loan and released the document. I agreed to give corner part of half ground but he not agreed to give the land for all deeds.
I sub divided the approved land in to 2 half grounds. Still he is creating problems so a lawyer advised me to go for oral agreements. Can I give the half ground of my land [ not registered ] to my wife as settlement deed without my brother knowledge and registration office will agree this deed for registration. If it is agreed by registrar can I sell or get loan for house construction ?. Please solve my problem. Thanks.
Harpal Singh
11 December 2016 at 00:08
Dear Sirs
I am the factory manager of a recycling unit.
In Aug 16 one of my engineer looking into purchase suddenly stopped coming to work.We found out that he had made purchases from vendors but not paid them the money that was due.
As these were cash purchases with a 30 day credit he procured material and vanished with the cash that we were suppose to pay against these purchases.
We have filed a FIR against this person and have terminated his services.
But the problem is that all the vendors from whom we had material procured are asking for their money.
I must admit that we have no clarity internally as to if the material procured was actually reached our unit or there is some nexus between the ex-employee and some vendors.
Now the vendors are losing patience and demanding their money but due to lack of lists we are unable to verify the items that the vendors claim to have supplied.
Also since our business depends on these vendors we do not want to antagonize them.
Hence I have suggested to my management to get into a written agreement wherein we shall pay these vendors no later than 31-mar-17 as we are hopeful to either trace the accused ex-employee or isolate the list of material supplied.
Thus my query is that to avoid any legal problems with these vendors will a written agreement be sufficent or we should do something else.
If we do make a written agreement what should be its broad parameters.
Please suggest.
Thanks
Harpal Singh
Anonymous
10 December 2016 at 23:28
My wife filed a case against me under section 125. The case is still subjugated. I'm serving in the army and she filed an application in the army for the same. The army law has a provision that army can give a wife maintenance Allowance even when no judgment from civil court has been delivered. In this case she submitted an affidavit stating that she is not working anywhere and is unemployed since the time of the filing of the application. I have complete knowledge of the company she is working and her designation as well but it being a private company I can't do much about it. More so the onus of proving her statement in the affidavit is wrong is with me. I need some advice as to how I can go about it.
Mehta
10 December 2016 at 22:22
Which transfer out of the following options will be safe, less expensive i.e. stamp duty & registration charges etc:
(i) Gift of Flat from Nephew(Sister's son) to Mama(Sister's brother)
(ii) Gift of Flat from Nephew(Sister's son) to Mami(Sister's brother's wife)
(iii) Gift of Flat from Sister's son to Brother's son (cousins)
Thanks
Kavindra
10 December 2016 at 21:57
I am in the knowledge of case where criminal contempt of the Supreme Court is being committed by govt authorities. In order to inform the HC, do I mandatorily need to file a contempt petition, or can I inform the CJ by simply writing a letter to him, and leave it upon the court to act suo motu in the matter? I am not in a position to file a petition presently.
Anonymous
10 December 2016 at 17:51
Sir I had participated in a tender on 17.9.16 were I was the lowest one accordingly I should get the tender after a normal negotiations. But without any intimation after 20 to 25 days the tender was recalled on 04.10.16 and it was natural that this time I was on 4th naturally it was not mine.
Now what should I do?
Yuvraj
10 December 2016 at 17:47
Dear all,
Kindly help me out
I am presently working in kotak mahindra bank and serving my notice period as I am worried that my present organisation may give a negative feed back. I am resigning from kotak due to distance and traveling issues
I joined kotak in feb 2016 and resigned in July2016 just 2 days before my confirmation I had an offer from hdfc back
The offer was accepted only on mail but I did not sign the offer letter ....
As my friends working at hdfc told it's too pressurising job hence I changed my mind
I took my resignation back at kotak and didn't inform the hdfc hr now I have recieved a very good offer from yes bank and after 3 months I.e on 10 November 2016 I again resigned in kotak . I have recieved the offer letter and serving my notice period. I am worried if the hr or my bosses in kotak give a negative feedback after joining yes bank by mentioning I had an offer from hdfc bank and didn't join over der den will this affect my employment at yes bank
dinesh kumar
10 December 2016 at 16:09
I AM A KARTA OF MY HUF, I HAVE INVESTED RS.500000 IN LIC JEEVAN AKASHAY PENSION PLAN THROUGH HUF FUND FOR BENIFIT OF HUF . I WILL GET 3400/PER MONTH FROM NEXT MONTH TILL SURVIVAL.
NOW I WANT TO KNOW WHETHER THE MONTHLY INCOME THROUGH JEEVAN AKSHAY WILL THE INCOME OF HUF OR MY PERSONEL INCOME FOR INCOME TAX POINT OF VIEW.
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Property registration and payment terms
Hi,
I want to purchase a freehold residential land in Ghaziabad,U.P for Rs.12,00,000 from an Individual seller on resale. This land is not approved by any developent authority. I have only Rs. 5,00,000 to pay now, and for payment of remaining Rs. 7,00,000, I and seller have decided to pay through monthly EMI of Rs. 10,000 for 840 months. Hence total amount i will pay Rs. 13,40,000 for that land which is inclusive of both principal and Interest.
I want the land to be registered on my name.
To execute a separate legal contract between me (Buyer) and Seller so that seller should entitle the recovery rights from me and I am obliged to pay the remaining balance amount payable on EMI of Rs. 10,000 for 840 months (Total 8,40,000) in cosideration of land of Rs. 12,00,000.
Please suggest me the best legal process to be followed which would entitle me (Buyer) the ownership right of the property and entitle the other party (the seller) the recovery rights of balance amount payable on EMI of Rs. 10,000 for 840 months (Total 8,40,000).
And please suggest me the process of land registration and sale deed execution while purchasing property in ghaziabad. How this sale will executed.?
Please address my both queries above.
Regards,
dev