Steps to ensure conveyance deeds of sale of property by the Central Government.
X X X X Extracts X X X X
X X X X Extracts X X X X
....sealed tenders, by the Chief Commissioners of the region where the property is located. The Chief Commissioner acts on behalf of the Central Government in arranging sale of the property and realisation of the entire sale proceeds. After completion of the sale and realisation of the entire sale proceeds, the purchasing party is required to prepare a draft conveyance deed for execution by Director (....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n of the conveyance deed after 3-4 years of the auction proposals when they want, legal title over the property due to some reason. The Chief Commissioner's office often does not ensure that the parties pay the required stamp duty and the final conveyance deed is executed within a reasonable time of 3 to 4 months after completion of the sale. 3. On a reference made to the Ministry of Law in a c....
TaxTMI