There is a 200 square yard plot & 25 people want to buy it, each of them decided to buy 8 square yard area of that plot, but it's a small area so they don't want it to get registered on their names, they want it to get registered in my firm's name because all of them are my customers & after getting it registered under my firm's name, i want to show in my firm's account that those 25 customers have their share in that plot & they have paid me money for it & whenever it'll be sold , they will get their share of profit & their money 1. Is it possible? 2. Is it possible for every type of business organisation including sole proprietorship? 3.list the business organisations for which it is possible ?
4. How to make this safe and secure for those 25 customers so that they feel that their money is safe ? 5. What documents needed for safety ? Plus Give tips...
A.You have not mentioned which State, City, village etc. It is difficult to just say on estimate without actually seeing the documents of 200 square yard plot which is in which zone/type/N.A./Non- N.A. etc & who wants to buy so much land in this recession & are the previous taxes paid etc. Require the actual documents to study as is the property worth of so much & who are the current owners & are they the real owners of such a big land.
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ADV. ANISH PALKAR (High Court)
A.Your issue needs to be discussed from many angles. It cannot be answered and lawyers cannot be held responsible if they gjve summary answers without discussing with you.
Dear Client,
As regards your query no.1) My father's brother wife has a done a gift in name of her only daughter. Is it valid? Ans:- No it is not valid. Until and unless an undivided ancestral propert...
Dear Sir,
You can file a suit for permanent injunction and restrain them from forcing you to close your shop if you have taken relevant licenses to run the shop from the local authority that is munici...
Dear Sir,
It is a disputed issue which has to be decided again by the Civil Court and you must seek cancellation of such judgment since you are in possession of regular Sale Deed before judgment was p...
Dear Sir,
It is a complicated issue. Now a days you cannot believe even the family members. If you go legally it will take years together. If there is possibility take possession of some part of the h...
Dear Sir,
You have to get issue a legal notice to remove co-owners name as it was only for name sake as there was no contribution from him. If builder did not do that then you have to approach Civil C...
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