The following article was first published in the Mint newspaper on 11th July, 2024. The same was written by our Private Client team at Cyril Amarchand Mangaldas, who frequently publish their comments and opinions in the Mint.Continue Reading Revoking gift deeds due to abuse: Legal options for senior citizens
The following article was first published in the Mint newspaper on 23rd April, 2022. The same was written by our Private Client team at Cyril Amarchand Mangaldas, who frequently publish their comments and opinions in the Mint. The online version of the article can be found here.
I have a query regarding a gift deed. My father-in-law wants to gift his flat to my wife vide gift deed, but he stays abroad. Can he execute the gift deed in the Indian embassy over there?
The other option is he has already registered a power of attorney in his son’s name to sell the property, so can his son come to India and execute the gift deed?
– Name withheld on requestContinue Reading Can a gift deed be executed in India on behalf of someone who stays abroad?
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article in the following Q&A which was published by the Mint Newspaper on 19th February, 2022 and the online edition of the same can be found here.
We are two brothers and one sister, and we follow Hinduism. In 1970, my father built a house on a plot which was in my mother’s name, although it was bought with my father’s money. My father expired in 1990. In 2012, my brother and I demolished the house and built a new house with our own money. After construction, my mother gifted the house to both of us equally. We requested our sister to take one floor, but she denied verbally as she is well off. In the future, can my sister or her children legally ask for a share in the house?
Continue Reading Can title of property transferred during parent’s lifetime be questioned later?
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article in the following Q&A which was published by the Mint Newspaper on 8th November, 2021 and the online edition of the same can be found here.
If the first account holder of a fixed deposit dies, who will become the owner of the account? Is it the second account holder or all the legal heirs of the first account holder?
—Name withheld on request
Continue Reading What happens to the FD account if the deposit holder dies?
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article in the following Q&A which was published by the Mint Newspaper on 14th September, 2021 and the online edition of the same can be found here.
What is the status of the wife of the grandson in a Hindu undivided family (HUF)?
—Shiv Kumar Jha
Continue Reading Rights of ‘members’ of an HUF remain extremely limited
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article in the following Q&A which was published by the Mint Newspaper on 7th June, 2021 and the online edition of the same can be found here.
My elder sister and I are the only two surviving legal heirs of our father, who had passed away in 1973. We are cultivating our father’s share in some land in farming in our ancestral village in Punjab. The mutations are still continuing in the joint names of our father and his brothers.
As we are now senior citizens we are looking to consolidating these landholdings. My sister has two sons and I have two sons. She may not wish to have any share transferred in her name, but would prefer to gift the same to me or to my sons. How should I proceed to obtain mutations in our names? Will it be necessary to first transfer the property in our names and thereafter further apply for transfer of her share to me or my sons?
– Name withheld
Continue Reading Registration of immovable property must for valid, marketable title
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions shared in an article in the following Q&A which was published by the Mint Newspaper on 14th April, 2021 and the online edition of the same can be found here.
I am 76 and in the process of writing my will. At present, I have a residential apartment in my name, along with my wife and elder daughter. As per my will, can I assign this property to my wife and younger daughter (and not my elder daughter)?
—Name withheld on request
Continue Reading Examining the gift deed is key prior to any legal challenge
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions shared in an article in the following Q&A which was published by the Mint Newspaper on 17th March, 2021 and the online edition of the same can be found here.
Is it possible to do a gift deed for leasehold DDA flat?
—Name withheld on request
Continue Reading Statutory limitation period for immovable property is 12 years
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions shared in an article in the following Q&A which was published by the Mint Newspaper on 24th June, 2020 and the online edition of the same can be found here.
I have executed a gift deed in favour of my
The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions shared in an article in the following Q&A which was published by the Mint Newspaper on 3rd March, 2020 and the online edition of the same can be found at: https://www.livemint.com/money/personal-finance/gifts-deeds-are-not-reversible-so-the-giver-can-t-get-back-the-rights-11583220828729.html
—ChiragContinue Reading Gifts deeds are not reversible, so the giver can’t get back the rights