T=
ransfer:
In the transfer of any
entrusted the seller should have good title to the property and shall recei=
ve
reasonable compensation as consideration for sale from the purchaser depend=
ing
upon the prevailing market value.
Requirements
INDIVIDUAL:
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>There
should be a vendor and a vendee being competent to execute the deed in
law.
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>There
should be property free from encumbrances and of good title.
Requirements
COMPANY:
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>There
should be a purchaser of the property.
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>The
seller(Director) who is interested with the selling of the property sh=
ould
be competent to execute the deed in law.
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>There
should be a transfer of property of the company.
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>There
should be property free from encumbrances and of good title.
Requirement
Society:
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>Society
should be registered.
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>Execution
of the property of the society shall be between its secretary and its
members.
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>There
should be transfer of society’s property and delivery of possess=
ion
of the property concerned.
- <=
span
style=3D'font-size:9.0pt;font-family:Verdana;mso-bidi-font-family:"Tim=
es New Roman"'>There
should be property free from encumbrances and of good title.