Agreement Of Sale Indian Law

In 2012, in the case of Suraj Lamp & Industries (P) Ltd (2) v Den State of Haryana, while dealing with the validity of sales of real estate made by proxy, the Supreme Court of India ruled that if we analyze the provision, we can understand that the document it indicates is an agreement for sale. It is also stated that the sales agreement as such falls within the category of Article 17(2) of the Law on registration as a non-mandatory document. Sale: The contract of sale is called a sale if the seller agrees to transfer ownership of goods to the buyer for remuneration. A sale transaction is a transaction consisting of an agreement to sell, hand over the property, deliver goods and pay the price, costs and transportation costs. 1 The nature of a sale is the transfer of ownership in a thing from one person to another. 2 A contract of sale is a contract in which the seller transfers ownership of the goods to the buyer at a price or agrees to transfer them. There may be a sales contract between one owner and another. Remember here that both parties must comply with the conditions set out in the sales contract. Any party that fails to comply with any of the conditions set out in the agreement may be brought before the courts if the other party so wishes. All parties concerned should also ensure that this document can be invoked as legal evidence before the courts of the law and that all those who have agreed to comply with the conditions are legally bound by it. But if we analyze Sec 13(1) of the RERA Act 2016, which states that a sale agreement must be registered in accordance with applicable law, it means that a sales agreement will be registered in accordance with the provisions of the Registration Act 1908.

On October 31, 2020, a 40-year-old man was arrested by Noida police for defrauding a bank of two Crores Rs., falsifying sales documents and borrowing. On the same day, Madurai Principal Sessions Judge G Ilangovan granted early bail for document registration without prior verification to two sub-registrars arrested by the Dindigul District Crime Branch. According to the police, they registered the deed of sale without checking the certificate of hardship, as well as the original documents, parental documents, death certificate, etc. .


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