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What are the consequences if owners name not changed.
06-Dec-2023 (In Documentation Law)
Dear sir As I buyed a car from a person ,I signed a 50 rs stamp paper telling that I will change the ownership of that person .in that agreement dated that by this date ownwards I am responsible for that car.but badely I sell the vehicle to another person without changing the rc owner name,now the 3rd party didn't change the ownership of that person yet.I told him but he skip several times for many reasons.if any problem occur in future will it effect me?I send a registered to Rto office also regarding the selling of my vehicle.pls tell me a solution.
THE NAME OF THE PERSON IN THE RC BOOK IS ALWAYS RESPONSIBLE. IT IS IMMATERIAL WHETHER IT HAS BEEN TRANSFERRED TO SEVERAL HANDS.IT WOULD BE BETTER IF YOU COULD INFORM THE OWNER WHOM YOU BOUGHT REGARDING THE CHANGE OF OWNERSHIP.
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Adv. Sindu R Kurup
Kannur | 200+ Answers
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Why this circuitous procedure? There is only one procedure prescribed by law for the transactions described - approaching the Regional Transport Office and getting carried out the changes in the RC Book. The agreement in stamp paper is of no consequence. Legally, the car still belongs to the original owner as shown in the RC Book.
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Adv. P Venu
Vaikom | 500+ Answers
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