Respected All,
I am grateful, you have given your valuable feedback, please help for below mentioned situation as my friend wants to buy property from following person
Mr.Den Rama a NRI seller formed a Trust (DEN RAMA TRUST) in 8/2007 & made his brother as trustee he died in 12/2007.
Now Trust wants to sell the flat(Mumbai), and Trustee is also staying out of india so in 2013 he Came mumbai & Gave POA to mr.Shah(his friend)it was Registered at Joint Sub Registrar's Office Mumbai.
My question is how the agreement's Transferor portion (first paragraph) is to be drafted.
..........................................
I prepared like this :
MR. H. P. RAMA aged….. years (S/o Mr. …………………), an adult, Non Resident Indian having address at ....Mumbai.....,(through his Constituted Attorney Mr..Shah......), as a Trustee of DEN RAMA TRUST of ......Surat, Gujarat, hereinafter referred to as ‘THE VENDOR’ or ‘TRANSFEROR’ (which expression shall unless it be repugnant to the context or meaning thereof be deemed to mean and include her heir, executor, administrator and assign) of the ONE PART
..........................................
1) Is there any TDS implication (amount to be deducted by the Buyer apart from new Law of 1% TDS deduction ?
2) Any other precautionary steps to be taken by the Buyer before entering into Sale Agreement.
your valuable feedback is highly appreciated
with regards
shri shesh dixit
29 April 2014 at 20:35
SIR,
my father was working in bsnl lucknow as a PA to DGM and his service was left about 9 years . he was expired on 24 march 2014 .bsnl officer is saying that you can not get the job because your father have a own home and your mother will get pension .when my fathe got the job that time department of telecom was the department of central government so is it possible that bsnl can denie
sir please tell me if any provision in constitution
mohan sehgal
29 April 2014 at 20:30
I have registered manufacturing premises for central excise purposes...
Due to expansion purposes.I want to have another premises..for my manufacturing activities.. on Lease rent agreement...
How should I proceed under Central Excise Rules & Regulations...
THANK YOU SIR,
WHAT IS THE MEANING OF COMPUTING PERIOD OF LIMITATION UNDER THE LIMITATION ACT 1963
Mustafa Bhat
29 April 2014 at 20:15
I have divorced my first wife by sending her Talaqnama to her in 2009, which she refused to accept. We are both Muslims, Later in 2010 I married to another lady, after my second marriage she filed RCR, 498A & 406, RCR was dismissed by court. She filed complain to various forms including department also were in she is saying I had illicit relation with my second wife before the marriage & I was torturing her because of that, which is all rubbish. Can my second wife file defamation suit against the lady & her family. Are any other relevant suit against the lady & her father & some of her relatives?
Plz advise.
THANK YOU SIR ,
PART 3 OF THE LIMITATION ACT ,CONSISTING SECTION 12 TO 24 DEALS WITH THE EXCLUSION OF TIME FOR COMPUTATION OF PERIOD OF LIMITATION .
WHAT IS THE ACTUAL MEANING OF COMPUTING PERIOD ?
ARE THERE ANY LATEST SUPREME COURT JUDGMENT
one person had contested and won as surpunch from andhra pradesh.
he had 3 children born after 2000. but third child died with in one month of birth.
does it count to 3 children or 2 children for the purpose of maximum limit on number of children for contesting elections?
If it is not allowed, to whom it should be complained? tell me the detailed procedure to file a complaint against this issue.
thanking you
AJAY KUMAR
29 April 2014 at 19:36
Dear sir;
If taxable material purchase for CSR by ltd company so what vat tax applicable or not in chhattisgarh
ANIRBAN DAS
29 April 2014 at 19:35
Dear Sir,
I would like to state that I am B.Com. and serving in Central Board of Excise & Customs Department in SYSTEM BRANCH from 2006 as contract basis on very low remuneration.
In this regard, i have any chance to confirm my job or how can i increase my remuneration??
Will and the specific clause ...
Hello,
A will was made in 1970 which was duly probated in 1985 in favor of 2 legal heirs
A and B which included Property 1 and Property 2.
The executor of the will had put a clause in the will which stated that Property 1 will be inherited by A by giving B a sum of Rs.50,000/- and
the Property 2 will be inherited by B by giving Rs.10,000/- to A.
A and B had strained relations thus no act as per the will was done between them.
A issued a POA with rights to sale of property 1 in his possession before giving Rs. 50,000/- to B .The person who has the Attorney wants to sell the property now.
The query are-
1. Has the title of the property inherited by A before parting of Rs.50,000/- to B because the will stated that he can inherit the property only after he pays the amount to his brother B.
2.Can A issue the POA with selling rights to someone.
3.Can B in anyway stop the sale of this property before it is sold.
4.Can B also stop any new construction on this property.
5.Can B demand any increase of the sum of Rs.50,000/-as no sum was paid in 1985 when Rs.50,000/ had a big value and its a meager amount in today's times.
6.Can B refuse the sum of Rs.50,000/- and demand more and stop any sale or construction on this context.
Thanks...