Registration requirement for transactions granting possession or building rights must be written, verified, and registered promptly. The provision requires that transactions allowing possession in part performance or transactions conferring rights in a building (including by membership, shareholding, agreement or arrangement) be reduced to writing as a statement by each party or by a party acting on behalf of all. Every such statement must be in the prescribed form, set forth prescribed particulars, be verified in the prescribed manner and be registered with the competent authority in the manner and within the time prescribed by each party or by any party acting on behalf of the others.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration requirement for transactions granting possession or building rights must be written, verified, and registered promptly.
The provision requires that transactions allowing possession in part performance or transactions conferring rights in a building (including by membership, shareholding, agreement or arrangement) be reduced to writing as a statement by each party or by a party acting on behalf of all. Every such statement must be in the prescribed form, set forth prescribed particulars, be verified in the prescribed manner and be registered with the competent authority in the manner and within the time prescribed by each party or by any party acting on behalf of the others.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
