Boss2966
Industrial Relations
Sivakumaran Nair
Now Manager, Psez Co. Ltd; Pondicherry.

Prime Sponsor - FactoHR.com - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
Mr.A wants to transfer his immovable properties to his two children on conditions- 1. that it should not be sold or otherwise disposed off till the death of Mr.A and his wife & 2. the beneficiaries are bound to look after and take care of Mr. A and his wife. Whether such a Gift deed is valid? Whether there is any provision to take back the gifted property, in case of any default by the beneficiaries? Kindly let me know.
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
If you give the immovable properties on gift to someone with some condition, then it cannot be a gift. It can be considered as Will. Please refer Transfer of Properties Act, 1882 from the given below link.
http://adb.org <link updated to site home>
Prime Sponsor - Talentedge.com "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™