Introduction :The inheritance rights of illegitimate children are governed by Section 16 (3) of the Hindu Marriage Act, 1955, which states that ‘such children are only entitled to the property of their parents and not of any other relation’. This implies that an illegitimate child would only have the right to his father’s self-acquired property,…
Introduction : The Land Acquisition Act, 1894 is an act of the Indian parliament for the acquisition of land for public purposes. It was enacted by the British government in 1894, and was the first law enacted by India’s independent government in 1947. The act has been amended several times since then. The act provides…
INTRODUCTION With the economic liberalization and globalization in 1990s, urbanization in India became a cake-walk. Cities are spreading and developing, acquiring the agricultural land for transforming into commercial and industrial projects. However, barren lands over fertile lands have always been preferable to use it for non-agricultural purposes. To delve deeper into this conception, let us…
INTRODUCTION Inheritance, also known as succession, is the transfer of property to an heir or heirs after the owner’s passing. Inheritance also refers to the actual property. The procedure is closely regulated by law in contemporary society. The relevant branch of the civil law in the continental European pattern is typically referred to as the…
Introduction Property is an essential asset of a person’s life owned during and after his lifetime. Property is acquired for various purposes like shelter requirement, investment or financial security.[1] Property can be self-acquired i.e. purchased with a person’s own money or it can be ancestral, i.e. property of the ancestors inherited by the successors. These…
INTRODUCTION Out of many transactions that we come across in our life, one of the significant transactions relate to property which are of utmost value for our State. Hence State has always wanted to build a strong mechanism to synchronise such transactions with a motive of gaining some revenue through the form of stamp duty…
Introduction : NOC means “No Objection Certificate” it is a clear permission for transferring of property. NOCs play an important role in the real estate sector as they help in transferring properties from one owner to another. NOCs are often required by the seller or buyer who has already purchased a property and is looking…
Step By Step, Place Became Property, Property Became A Mortgage, And Mortgages Became Derivative Investments. INTRODUCTION What Is a Mortgage? A mortgage, as per section 58 of the Transfer of Property Act, is a sort of loan used to buy or keep up a house, land, or other pieces of real estate. The borrower agrees to…
When it comes to estate planning, every well-meaning lawyer or financial adviser advocates writing a will to avoid family disputes over inheritance. However, it may not always be an efficient way to transfer assets to legal heirs because a will, registered or not, can not only be challenged by family members in the court of…
Introduction Law enforcement agencies like police of a state has been empowered with due legislative prescriptions to seize property consisting of vehicles, money or other miscellaneous property. Real property may be seized for possession of illegal narcotics and drugs or seizure of property often involves those properties which are suspected or alleged to be stolen.…
