“Fixed assets may only be transferred by means of a deed of transfer (deed of sale) duly stamped and registered in accordance with the law. We therefore reiterate that fixed assets can only be transferred and transferred legally and legally by means of a registered deed of transfer. Under the Transfer of Ownership Act, a contract of sale, with or without ownership, is not a transfer. Section 54 of the Transfer of Ownership Act provides that the sale of immovable property may be made only by a registered instrument and that a contract of sale does not generate interest or charges for its property. This absolute rule is subject to the exception referred to in Section 53A of the Transfer of Ownership Act. Section 53A provides that, where the buyer has acquired ownership of the property, the property is the subject of the transfer, while fully fulfilling its part of the contract obligation, the seller is not entitled to disturb the ownership so granted to the buyer. It should be noted that Article 53A offers the proposed buyer protection against the contemptuous and pours out the contemptuous of the buyer`s troublesome property, but it does not heal the buyer`s ownership of the property. Ownership of the property remains in the hands of the seller. Gv the agreement can see us how an act in 8 a response? 9. Party 1 does not preclude Party 2 from transferring to another person or causing the sale to be made on his or her behalf or on behalf of his or her applicant. UNDER WHICH both parties signed this agreement in the presence of the following witnesses: “A contract for the sale of immovable property is a contract that provides for the sale of this property under the conditions agreed between the parties” – section 54, section 54, states: “It does not in itself create interest or calculate this type of property.” 1. That the total amount and the total amount of the counter-sale sale of Rs.——————- of the dwelling of part No. 1 was received by Part No.
2, with separate proof according to the details indicated: Banker`s check No—————— Dated ————— issued in the name of Party No. 1 and is drawn on ———————————————— – and after receipt of the aforementioned amount, Part 1 admits that nothing remains due to Party No. 2. all taxes and legal charges shall be borne by Part No 2, including stamp duty on the registration of the act of transmission. Part No. 1 shall be returned immediately thereafter to Part No. 2 of the free possession of the above-mentioned dwelling. 14. That Party No. 1 accepts that this contract of sale remains irrevocable and that Party No. 1 does not revoke or terminate it in any future.
In accordance with the Indian Registration Act of 1908, any agreement relating to the transfer of shares in immovable property with a value of more than one hundred rupees must be registered. Therefore, if you have purchased real estate as part of a purchase agreement without a proper deed of sale following, you will not get any right or interest in the property that would be transferred as part of the purchase agreement. . . .