one partnership firm acquired immovable property in its name.later on it had merged with another partnership firm and carried out its business by transferring its assets and liabilities through mou executed between the two firms. subsequently two firms have decided to demerge and executed another mou declaring all the assets and liabilities shall remain same when they have entered in to mou for merging. later first firm had altered its name in to another under act,1932. later on the said firm had converted in to a private ltd. company under part-IX of the companies act,1956. my query is that whether the immovable property acquired by the first firm is transferred to the present pvt ltd company and if it is transferred, whether the company is entitled to deal with it. no registered document is present saying that the assets and liabilities of the firm transferred to pvt. ltd. company, except the merge and demerge mous between the firms.
my client is a developer, wants to enter unregistered development agreement with land owner by giving some amount as good will. land owner kept land documents in bank and he owes some amount to bank. the land owner says that he will remit the loan amount to bank from the amount received from developer and selling his share in the developed property. can a developer can enter in to such transaction or not , if yes what is the procedure or steps to be followed.
can a property be purchased through sale deed and get it registered excluding the mortgaged area to municipal corporation. if so what is the procedure to be followed.
there are two partnership firms carrying real estate business and 1st firm wants to merge in the 2nd firm, they have entered in to an mou to that effect. what is the legal procedure to be followed and are they have to take any noc from any statutory authorities. the firms are located in hyderabad, andhra pradesh.
one of my client had died and he had written a will in favour of his wife bequeathing his immovable property which is unregistered. is the deceased wife is enabled to sell or gift the same and register in her legal heirs favour. if so what is the procedure to be followed.
my query is , father and mother having 2 sons and 3 daughters. during lifetime of parents 3 daughters marriage took place. thereafter 2 daughters died. oral partition taken place between 2 sons and they had constructed their respective portions with their own money and they are living in their respective portions. both father and mother died. the link documents are with 2nd son. eldest son is having 4 sons and younger son is having two sons. recently they agreed to reduce in to writing and paid stamp duty. but the younger son didnot attended for registartion. after that the eldest son died recently. what are the legal remedies available to the legal heirs or family members of the eldest son.
Good afternoon to every body!
my query is an oral partition had effected between two brothers and they have reconstructed their shares by spending huge amounts and they are residing in their respective shares from last 10 years.these two brothers are having three sisters and two sisters are died and only one sister is alive.both the parents died. the elder brother health is not keeping well and the youger brother is not coming forward to execute and register the partition deed. God forbids that if the elder brother dies , then what is the legal position.alive sister is ready to sign the partition deed.all the origina douments of property are with the younger brother.
a partition deed had been executed between father and his two sons and same had been registered. later father had executed the will deed in favour of his daughter pertaining to his share. the land is not divided in to metes and bounds, only built up area is divided / partitioned. later on father died , subsequently daughter and one of two sons also died. now one son and other legal heirs of son and daughter want to give their land for development.can another family settlement deed can be executed between the heirs and remaining son or a gift deed should be executed by the son in favour of his brother and sister heirs. which option is valid and legal.
can gpa holder being the developer can execute the agpa in favour of third party if so the procedure to be followed.
Gpa , spa , agpa documents
Good evening to all- recently supreme court passed a ruling that from october-11 2011 valid instrument of transaction of property is the sale deed only. i have a query that what will be the effect on the person/s or builders who had / have entered in to development agreement cum gpa with the land owners and what will be effect of this ruling on those builders. will the builders will have power to alienate its share as per allotment made in development agreement or the sale deed had to be executed by the original owners themselves.