Maharashtra Amendment to the Registration Act is implemented 1st April 2013
Through a circular dated 7 March 2013, the Maharashtra Government has implemented the provisions of Registration (Maharashtra Amendment) Act, 2010 (“Act“). The Act has been made applicable on and from 1 April 2013.
The Act brings in major changes to the Registration Act, 1908 (“Registration Act“) as applicable to the State of Maharashtra.
Few of the changes brought in by the Act are discussed below.
The Act has added certain documents which are now compulsorily registrable in Maharashtra:
(a) Agreement relating to the deposit of title deeds, where such deposit has been made by way of security for the repayment of a loan or an existing or future debt;
(b) Sale certificate issued by any competent officer or authority under any recovery act; and
(c) Irrevocable power of attorney relating to transfer of immovable property in any way, executed on or after the commencement of the Act.
The Act brings in major changes to the Registration Act, 1908 (“Registration Act“) as applicable to the State of Maharashtra.
Few of the changes brought in by the Act are discussed below.
The Act has added certain documents which are now compulsorily registrable in Maharashtra:
(a) Agreement relating to the deposit of title deeds, where such deposit has been made by way of security for the repayment of a loan or an existing or future debt;
(b) Sale certificate issued by any competent officer or authority under any recovery act; and
(c) Irrevocable power of attorney relating to transfer of immovable property in any way, executed on or after the commencement of the Act.
