Regarding gift deed
Sanjiv Malhotra
(Querist) 02 March 2012
This query is : Resolved
Thank you all for your kind replies. Just one querry.. IS there A TIME LIMIT to inform a society / condiminium of Apts management, that there has been a gift deed executed by and between Father and daughter.. Daughter now holds 84 % of the said share by way of gift deed and her own holding... and the son holds 16 % of the said apartment. Son is living in the apartment with his family... father and son fell out with each other and the father is now living with the daughter.. all i want to know is there a LEGAL TIME LIMIT to inform the management of the conominium of apts...supposing we dont inform the management till the fathers demise ? pls help out.. Thank you... regards sanjiv
Raj Kumar Makkad
(Expert) 02 March 2012
It is in the interest of the daughter to inform the society with entire documents about the change of share as early as possible. There is no penalty of late intimation.
prabhakar singh
(Expert) 04 March 2012
is there a LEGAL TIME LIMIT to inform the management of the conominium of apts...supposing we dont inform the management till the fathers demise ?
ANSWER
There is no time limit prescribed in any law for that purpose.
But what has to prudently understood that a gift passes right title and interest of the donor in the donee then and there soon after his/her acceptance of the gift,then it is quite proper for the donee to let the transaction be known to the world as soon as possible just by seeking mutation at all concerned places and authorities just like buyer do in the life time of his vendor.
Publicity of right acquired should be earliest is a sound convention even in cases where limitation is not legislated for the purpose as it checks sleeping rivals to dispute things after the donor/transferer passes.
If gift is made known by mutation to son just now he can not file suit for its' cancellation but if it is kept concealed till demised of his donor father,then he may file such a suit.The Donor may or may not be found to have his signature/thumb impression on any or several registered documents and such a case may put a burden
on daughter how to prove against alleged impersonation.
