POWER OF ATTORNEY (POA): The concept of Power of Attorney has been discussed under two statutes of India which includes The Powers of Attorney Act, 1882, and The Indian Stamp Act, 1899. The Power of Attorney has been defined as the instrument which empowers a specified person to act on behalf of the person executing…
A mortgage by deposit of title deed or an equitable mortgage of immovable property is a widely used methodology of creating security against a loan availed from banks and other financial institutions in India. But, it is easily open to fraud. This is because of the reason that it is created merely by the deposit…
Agricultural land is commonly defined as the part of the area of land that is under permanent pastures, crops or arable, and so forth. The law prohibits building houses, factories, industries, etc. on the agricultural land irrespective of the ownership of the property. Any construction on the agricultural land is allowed to take place only…
The English Mortgage is defined in Transfer of Property Act, 1882 under Section 58(e). The Sub – Section (e) of Section 58 states that, “Where the mortgagor binds himself to repay the mortgage – money on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but it is subjected to a proviso…
Introduction More than buying a property, registering it can be taxing. If you are planning on buying a property, remember that the amount quoted to you by the seller is not the final price you have to pay. Easily, few lakhs get added to the price quoted to you when you’ll register it on your…
INTRODUCTION Redevelopment entails tearing down the old building and replacing it with a new one that has new dimensions and space. Basically redevelopment of a building means to change the old structure and replace it with new dimensions.When a building structure requires a proper renovation, the process of redevelopment is carried out.According to Bye-law No.…
WHAT IS A GIFT..? The gift is dealt with under Section 122 of the Transfer of Property Act. It defines a gift as “…the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the Donor, to another, called the Donee, and accepted by or on behalf of…
What is a Hindu Undivided Family? According to Hindu law, a HUF is a family made up of the lineal descendants of a single progenitor. Their wives and unmarried daughters are included. You cannot establish a Hindu Undivided Family with a contract. In a Hindu family, it develops naturally. Jain, Sikh, and Buddhist families can…
IntroductionPower of Attorney (PoA) is a legal document in which you authorize another person (known as an agent, attorney, or attorney in fact) to act on your behalf and grant that person all legal rights. The authorized person can make decisions, enter into contracts, and sell/purchase property in your place, just like you. A Power…
1. Introduction The word award has not defined in Land Acquisition Act 1984. The land acquisition officer is in no sense a judicial officer. The proceeding before him can’t be called legal progressing. he’s engaged to form recompense under the land acquisition act. The jurisdiction of the gatherer is restricted. He practices the chief and administrative power. The grant cannot be authorized as decree of…
