Over the years, many Indians have settled overseas. As a result, they have assets in India and abroad. Having assets in multiple jurisdictions can become difficult to manage and therefore, many prefer to streamline their assets by gradually disposing off their assets situated in India, over time.
INTRODUCTION During a person’s lifetime, he may make several investments by way of investing in shares, opening bank accounts and making fixed deposits, purchasing insurance policies, contributing towards employees’ provident fund and acquiring immovable property. A question that naturally arises is what happens to these investments and acquisitions after the original owner/holder’s death. In many […]
Many residential and commercial properties in Maharashtra have been acquired on tenancy basis. A question that naturally arises is what happens to such tenancy rights after the original tenant’s death.
If you have purchased or intend to purchase a residential or commercial premises, you will often come across real estate jargon such as ‘building without OC’ or ‘building with OC’. Understanding what an OC is, when it is issued and what the consequence of non-issue of OC is will help you make a more informed […]
Advocates and solicitors are often called upon to issue title certificates. This maybe a requirement under law, as in the case of the Maharashtra Ownership of Flats Act, 1963 (MOFA) and the Real Estate (Regulation and Development) Act, 2016 (RERA) or under contract, as in the case of loan transactions, mortgages, etc.
At the heart of competition law is consumer welfare and creating a marketplace where businesses compete fairly with each other. Competition in Indian markets and markets outside India, having an appreciable adverse effect on competition in India, is governed by the Competition Act, 2002 (“Act”). Agreements among competitors have always been the most pernicious of […]
Learn the basics of insider trading and understand the SEBI (Prohibition of Insider Trading) Regulations, 2015. Get insights into who is considered an insider and what qualifies as unpublished price sensitive information.
The jurisdiction of a court determines the subject matter of the proceedings before it and interim reliefs are granted to protect such subject matter. To answer whether a testamentary court has the power to grant interim relief, it would be necessary to understand the jurisdiction of a testamentary court and the subject matter of proceedings […]
The primary question sought to be dealt with in this article is whether an unregistered gift pertaining to immovable property is a valid gift in the case of Mohammedans. To answer this, relevant provisions of the Transfer of Property Act, 1882, the Registration Act, 1908, Mohammedan Law and judgments of various courts have been examined […]
[The relevant sections of the applicable Acts have been mentioned in brackets] 1. What is nomination? Nomination is the naming of a person (or persons) by the owner in whom the owner is desirous of his share and interest in the flat being transferred on his death. [Section 30 of the Maharashtra Co-operative Societies Act, […]
