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Deed of Reliquishment

(Querist) 02 February 2011 This query is : Open 
Can there be a reliquishment of flat without consideration? If yes under what law is it permitted and under waht circumstances? Can a company reliquish a flat in favour of a Director for good services rendered to the company over a period of time? Can you provide a specimen of Deed of reloinquishment?
Vijay Raut.Koregaon Park, Pune.
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