Those planning to invest in agricultural land often find themselves in the crosshairs of regulatory requirements and personal whims of the sellers. On the one hand, they are obliged to make any payments exceeding … READ FULL STORY
The stamp and registration department has no power to cancel a sale or conveyance deed that has been registered following the prescribed rules, the Madurai Bench of the Madras High Court has ruled. “The … READ FULL STORY
The Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) has ruled that an unregistered sale deed can’t be the basis to claiming an immovable property by a creditor. The observation by the … READ FULL STORY
Tenants in India need to sign a lease deed with their landlords before entering a flat. While leave and licence agreements are common in the residential real estate space, tenants need to sign a … READ FULL STORY
Bombay High Court (HC) has held that the City and Industrial Development Corporation (CIDCO) has the right to auction the land under its possession, mentioned a FPJ report. According to the Bombay High Court, … READ FULL STORY
Leasehold refers to a property tenure, where one party buys the right to occupy the property for a given length of time (30 to 99 years). In a leasehold land, the authority (usually, a … READ FULL STORY
A ‘benami’ property is one that is purchased in the name of a person, who is not the real beneficiary. The person, in whose name the property is purchased, is known as a ‘benamidar’. … READ FULL STORY
The Supreme Court on August 23, 2022, said the new benami property law is prospective in nature, and the 2016 amendment to the 1988 act cannot retroactively apply to the transactions between September 5, … READ FULL STORY
Non-residents living abroad have to appoint a representative who performs official tasks on their behalf. This whole process is formalised by drafting and executing of a power of attorney (PoA). The PoA is a … READ FULL STORY
A commencement certificate is a document from the local municipal authority that permits the developer to begin construction of the project. The commencement certificate (or CC) is usually granted, only after the developer has … READ FULL STORY
Due diligence and awareness of your rights can certainly protect you against unscrupulous practices by developers. In an industry that still lacks transparency, in spite of the many laws that have been put in … READ FULL STORY
To better collect taxes, the deduction of tax at source, also known as TDS, has proven to be a valuable tool. The stress of paying taxes and submitting income tax returns is lightened for … READ FULL STORY
The Supreme Court on July 27, 2022, upheld the validity of powers granted to the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA), 2002. Stating that the PMLA law is not … READ FULL STORY
