Minor property sale

Suresh Balla (Querist) 11 January 2024 This query is : Resolved
minor property sale amount for minor education purpose and after given court permission letter

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This discussion addresses the sale of a minor's property, specifically for educational needs. It clarifies that court permission is required before proceeding with the sale. The proceeds from such a sale can then be deposited in the minor's name or used directly for their welfare and education.

Suresh Balla (Querist) 11 January 2024
మైనర్ విద్యా ప్రయోజనం కోసం చిన్న ఆస్తి అమ్మకం మొత్తం మరియు కోర్టు అనుమతి లేఖ ఇచ్చిన తర్వాత

Read more at: https://www.lawyersclubindia.com/experts/minor-property-sale--756576.asp

kavksatyanarayana (Expert) 11 January 2024
Yes. After getting permission from the court, you can.

T. Kalaiselvan, Advocate (Expert) 13 January 2024
The sale consideration amount pertaining to the sale of minor's share in the property may be deposited in minor's name or utilised for it's welfare.

Advocate Bhartesh goyal (Expert) 14 January 2024
Sale consideration amount of minors property may be spent on his welfare or be deposited in his bank account.

P. Venu (Expert) 18 January 2024
The query is short of material facts.

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