i want to purchase property . My proposed vendor is the 4 th beneficiary in the flow of sale process.
The land was originally sold by the private limited company in 2015 and the Board Resolution is not annexed to the sale deed. My vendor also doe not have the copy of the board resolution
pl guide whether i can purcahse
Purchasing property without a valid Board Resolution can be tricky. Here are some steps you can take:
1. Contact the Company : Reach out to the private limited company that originally sold the land. Request a copy of the Board Resolution authorizing the sale. This is crucial for validating the transaction.
2. Legal Consultation : Consult with a lawyer who specializes in property and corporate law. They can guide you on the legal implications and help you understand your rights and obligations.
3. Vendor Communication : Discuss the issue with your vendor (the 4th beneficiary). They might have additional information or documentation that can help resolve the situation.
4. Court Intervention : If obtaining the Board Resolution is not possible, your lawyer can advise on whether it's necessary to seek court intervention to validate the sale or to obtain a duplicate copy of the resolution.
5. Due Diligence : Conduct thorough due diligence to ensure there are no other legal issues or encumbrances on the property.
It's important to ensure all legal requirements are met to avoid any future complications. Consulting with a legal expert will provide you with the best course of action.
