25% OFF on all LCI Courses. Offer valid till 5th Oct. Use Code: DUS25
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Transfer of movable property

(Querist) 05 April 2012 This query is : Resolved 
What are the legal formalities to sell of a used bike to some unknown person for some consideration ?
How can i transfer the ownership of my bike to that person ?
What is the legal formality and should i issue any receipt in relevant to the amount i will be receiving ?
Please Help and Thank you in advance for the valuable suggestions and opinions.
Raj Kumar Makkad (Expert) 05 April 2012
You exchange the duly sworn affidavits of each other, you shall also have to sign form 29 & 30 in duplicate to the buyer necessitating him to get the registration changed in his name. You shall have to handover to buyer RC, insurance, fitness and any other document related to the vehicle in question.
Deepak Nair (Expert) 05 April 2012
Yes. You have to make a declaration/affidavit to that effect stating that you have sold vehicle to so and so and have received an amount in consideration of the same. Rest is as explained by Mr.Rajkumar
Rajdeep Sanyal (Querist) 05 April 2012
Thank you very much raj kumar makkad and Deepak Nair. But one part is not clear with me that what is a normal affidavit and what is a duly sworn affidavit ?
Please explain. Thank you
Deepak Nair (Expert) 05 April 2012
Duly sworn affidavit means affidavit sworn and signed before a notary and affirmed by the notary. All affidavits are to be duly sworn. There is nothing called normal affidavit.
Rajdeep Sanyal (Querist) 05 April 2012
Thank you. I was a bit confused. I was not aware of the fact that affidavits which are signed and affirmed by the notary public are called duly sworn affidavits. I knew that those were called just affidavit.
Thank you for letting me know the new term Sir.
Thanks a lot for your help.
Have a nice Day . :-)
ESTHERPRIYA (Expert) 05 April 2012
There are agents acting for it. You can contact them.
Deepak Nair (Expert) 05 April 2012
Always welcome dear.

Have a nice day to you too.
V R SHROFF (Expert) 05 April 2012
well advised.
Keep photos, address, video clip of trf sign & deal + witnesses. Get photo stick to aff+ drv lic

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Post a Suggestion for LCI Team
Post a Legal Query