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Can owner sale property without signature from nominee
21-Jul-2023 (In Property Law)
Can owner sale property without signature from nominee?
This is my response to you:
1. No he cannot sell the property without an NOC from the nominee;
2. Although the nominee's signature is not mandatory;
3. It is better that an NOC is taken or a indemnity bond signed by the NOC;
4. Consult a local lawyer and take steps.
1. No he cannot sell the property without an NOC from the nominee;
2. Although the nominee's signature is not mandatory;
3. It is better that an NOC is taken or a indemnity bond signed by the NOC;
4. Consult a local lawyer and take steps.
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Adv. Gowaal Padavi
Mumbai | 500+ Answers
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What if there is no nominee in property?
The Hindu Succession Act states that if there is no will, or no legal heir is named, then the property will be distributed equally according to the following principles: Equal distribution between all Class 1 heirs. If there are no Class 1 heirs then the property will be distributed equally amongst all Class 2 heirs.
How do I make someone a nominee for my property?
How to nominate property. After the registration, you will be the sole owner. You can then execute a Will in favor of the person who you wish to make a nominee. It would then come into effect if you were to suffer an unfortunate event.
How do you transfer property to nominee after death?
These will be passed on to the joint owner if they are joint. If nominated, they will go to the nominee. The heir must apply to the company to transfer shares in his name. He will need to submit the following documents: physical certificates of shares; attested death certificate; succession certificate and PAN card. 27 Nov 2023
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