Vehicle ownership transfer
3 months ago
I actually sold my car in urgency and the buyer haven't transferred the vehicle in his name till date. I only have his Aadhaar number. He is not even picking my phone not even new number seems like his number has been closed.
A.Dear Client,
According to the mandatory provisions outlined in the Motor Vehicles Act, 1988, and MV Rules, 1989, it is imperative that, after selling a vehicle, the purchaser submits statutory forms, necessary documents, and the transfer fee within 30 days to the relevant RTO/Registering Authority for processing the ownership transfer and change of address in the Certificate of Registration (RC). Failure to adhere to this timeframe may result in fines or penalties for the delayed application. If the new owner operates the vehicle without completing the ownership transfer, you, as the recorded owner, may face legal consequences in the event of an accident, theft, or any violation of the MV Act. To safeguard your interests and prevent unforeseen complications, it is crucial to promptly inform the concerned RTO of the sale, providing the date of the transaction and enclosing all relevant documents received or possessed related to the sale of the vehicle.
Thankyou
According to the mandatory provisions outlined in the Motor Vehicles Act, 1988, and MV Rules, 1989, it is imperative that, after selling a vehicle, the purchaser submits statutory forms, necessary documents, and the transfer fee within 30 days to the relevant RTO/Registering Authority for processing the ownership transfer and change of address in the Certificate of Registration (RC). Failure to adhere to this timeframe may result in fines or penalties for the delayed application. If the new owner operates the vehicle without completing the ownership transfer, you, as the recorded owner, may face legal consequences in the event of an accident, theft, or any violation of the MV Act. To safeguard your interests and prevent unforeseen complications, it is crucial to promptly inform the concerned RTO of the sale, providing the date of the transaction and enclosing all relevant documents received or possessed related to the sale of the vehicle.
Thankyou
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A.Dear Client,
There are statutory forms to be signed both by the ex-owner and the present owner to process the transfer of ownership of the vehicle and change of address in the Certificate of Registration(RC). As per the mandatory provisions of the Motor Vehicles Act, 1988 and M VRules, 1989, once a vehicle is sold, the purchaser has to submit statutory forms and other required documents along with transfer fees within 30 days to the concerned RTO/Registering Authority for processing the transfer of ownership of the vehicle and change of address in the Certificate of Registration (RC) failing which the applicant Buyer has to pay fine or penalty for delay in submission of application for transfer of ownership(TO) and change of address(CA). When post-sale if the running vehicle is used by the Buyer/New owner without transferring ownership of the vehicle and in case the vehicle meets with an accident, theft, or any other violation of the MV Act, you being an owner of the vehicle as per the record, may face the legal consequences arising out to that accident or violation. So, to protect your interest and safety and to avoid all sorts of unwanted consequences, you need to write to the concerned RTO ASAP informing the date of sale of your old vehicle and enclosing a copy of all the relevant documents you receive or possess in connection with the sale of the vehicle. Reach out to the Office of RTO for further guidance and steps.
There are statutory forms to be signed both by the ex-owner and the present owner to process the transfer of ownership of the vehicle and change of address in the Certificate of Registration(RC). As per the mandatory provisions of the Motor Vehicles Act, 1988 and M VRules, 1989, once a vehicle is sold, the purchaser has to submit statutory forms and other required documents along with transfer fees within 30 days to the concerned RTO/Registering Authority for processing the transfer of ownership of the vehicle and change of address in the Certificate of Registration (RC) failing which the applicant Buyer has to pay fine or penalty for delay in submission of application for transfer of ownership(TO) and change of address(CA). When post-sale if the running vehicle is used by the Buyer/New owner without transferring ownership of the vehicle and in case the vehicle meets with an accident, theft, or any other violation of the MV Act, you being an owner of the vehicle as per the record, may face the legal consequences arising out to that accident or violation. So, to protect your interest and safety and to avoid all sorts of unwanted consequences, you need to write to the concerned RTO ASAP informing the date of sale of your old vehicle and enclosing a copy of all the relevant documents you receive or possess in connection with the sale of the vehicle. Reach out to the Office of RTO for further guidance and steps.
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