Rented shop on Hundi basis
1 year ago
my father in law is having shop on hundi bases since 1947. Can he sell the shop? if yes does he need to share the amount with the owner? if yes what should be the sharing percentage
A.Dear client,
Hundis is not covered under the Negotiable Instruments Act, 1881 since it is part of the informal system. Therefore, it is advised that this issue could better be solved based on local customs and local laws.
Hundis is not covered under the Negotiable Instruments Act, 1881 since it is part of the informal system. Therefore, it is advised that this issue could better be solved based on local customs and local laws.
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A.Dear Sir,
It is related to other than Karnataka State and such local issues will be governed by local laws and better you go to local lawyer and clarify the matter.
It is related to other than Karnataka State and such local issues will be governed by local laws and better you go to local lawyer and clarify the matter.
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