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Procedure to buy a commercial car by an individual
12-Sep-2023 (In Documentation Law)
As an individual I want to buy a commercial car for business thru Uber. I am 72 yrs old. I want to know the procedure for both 1. New car going thru bank loan/finance scheme or 2. Second hand commercial car with cash down payment without involving financer. Look foward to your advice please
The inspecting authority inspects the vehicle physically at zonal office for it's particulars and is then followed by registration.. The documents required for registration are as follows:-
Form 20 duly filled up.
Form 21 which is a sale certificate issued by vehicle dealer.
Form 22 (Road worthiness certificate) issued by the manufacturer.
Attested copy of valid vehicle insurance policy.
Attested copy of address proof on which the vehicle is registered.
Road tax as applicable.
Form 34 duly signed by owner and the attested copy of PAN No./GIR No. financier (in case vehicle is bought on hypothecation.)
After allocation of registration numbers, fee slip is given to the applicant on the same day itself and above documents are kept by the zonal office. The registration fee slip can be retained as registration proof till registration certificate is not delivered to the owner.
The registration certificate can be collected on any subsequent working day after depositing the registration slip fee..
Registration cost, normally is done like this:- You need to shell 6-8% of the cost of your vehicle for vehicle registration... I am not quite sure about this, but it varies on the type and cost of the vehicle..
Form 20 duly filled up.
Form 21 which is a sale certificate issued by vehicle dealer.
Form 22 (Road worthiness certificate) issued by the manufacturer.
Attested copy of valid vehicle insurance policy.
Attested copy of address proof on which the vehicle is registered.
Road tax as applicable.
Form 34 duly signed by owner and the attested copy of PAN No./GIR No. financier (in case vehicle is bought on hypothecation.)
After allocation of registration numbers, fee slip is given to the applicant on the same day itself and above documents are kept by the zonal office. The registration fee slip can be retained as registration proof till registration certificate is not delivered to the owner.
The registration certificate can be collected on any subsequent working day after depositing the registration slip fee..
Registration cost, normally is done like this:- You need to shell 6-8% of the cost of your vehicle for vehicle registration... I am not quite sure about this, but it varies on the type and cost of the vehicle..
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Adv. Ishan Rohan
Ranchi | 200+ Answers
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