Mr.K has a car registered in his name at Mumbai Since hes aged he wants to gift it to his son.
Can he make a gift deed with the respective registration nos. or simple transfer of registration in RTO is enough What is the legal angle ?What is the liability of donee
In response to your query,
The transfer of vehicle ownership, also known as a Registration Certificate Transfer, is important because it protects the vehicle and transfers all legal obligations to the buyer. Transferring ownership entails changing the automobile owner's name from yours to the buyer's, as well as changing the title of the vehicle from one owner to the other. The Motor Vehicle Act of 1988 in India makes it mandatory to transfer ownership. A transfer of ownership of the car is required to avoid future issues and hassles with vehicle registration, insurance policies, and other matters. Transfer of ownership allows both the seller and the buyer, or simply the buyer in some situations, to have a clear Registration Certificate book with no ambiguities. Once the transfer is legally complete the donee is released of all the liabilities with respect to the vehicle
Therefore transfer of registration must be enough in your case.
Regards,
Aryan Raj
