Property

Nominee of deceased in a Cooperative Society is entitled for ownership by transfer

Nominee of deceased in a Cooperative Society is entitled for ownership by transfer Chanced upon this rather interesting decision. Could be of help / use to some Nominee of Deceased Member is absolutely entitled for the Ownership by transfer. Co-op. Society can not  challenge the right of Nominee. This is a a settled Law of the land. No legal heirship, Court order or Succession Certificate or Letter of Administration is required HOWEVER, here is a catch !!- read on to know ! Case : Indrani Wahi versus Registrar of Coop Societies & Ors. in Ciivil Appeal No. 4646 of 2006.…
Continue Reading
Property

Eleven Months Lease Deeds also need registration !

L:ease Eleven Months Lease Deeds also need registration It is a common misconception that Lease Deeds for a period less than a year need not be registered, per Indian Law for properties in India. Hence, many Landlords and Tenants  proceed accordingly since in the process savings can be made on Stamp Duty. Besides, the time and hassle of going to the Registrar's Office is avoided. The confusion arises since the provisions of the Transfer of Property Act are NOT understood properly since those relevant have to be read ALONG WITH that of the Registration Act The Courts are increasingly clarifying…
Continue Reading