Why are Intellectual properties important?

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Intellectual property is a term referring to creations of the intellect for which a monopoly is assigned to designated owners bylaw. Some common types of intellectual property rights (IPR) are trademarks, copyright, patents, industrial design rights, and in some jurisdictions trade secrets: all these cover music, literature, and other artistic works; discoveries and inventions; and words,… Read more »

How ownership of immovable property is acquired?

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A person may acquire immovable property in any of the following ways: By inheritance of ancestral property. Through will. Acquisition by oneself such as purchase etc. Through gift, trust, settlement deeds. Grant, sanad / Inam by the Government. Through partition deed. Through decree of Court. There are two ways of acquisition: By act of parties…. Read more »

What can be understood by Nil EC?

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Nil EC stands for Nil Encumbrance Certificate. If no deeds of transactions are registered in respect of a property nil encumbrance certificate is issued in Form No.16. If Certificate is issued in this form, it means that there are no registered transactions / liabilities on the property for a given period of time unregistered transactions… Read more »

Does property get transferred by getting a General Power of Attorney from the person selling it? Can the agent become owner of property?

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No. It is wrong to say that ownership is transferred by getting General Power of Attorney. Persons purchasing property must get the sale deed registered. This principle applies to other kinds of transactions also. There are two kinds of Power of Attorney. A. General Power of Attorney (GPA) B. Special Power of Attorney (SPA) (A)… Read more »

Who can execute Power of Attorney?

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A person who has attained majority may execute power of attorney in favour of another person who has attained majority including family members like brother, sister, father and mother to act on his behalf. If a power of attorney is executed to sell property in favour of relatives other than those mentioned above, 2 percent… Read more »

What is meant by a Nil Encumbrance Certificate?

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If no deeds of transactions are registered in respect of a property nil encumbrance certificate is issued in Form No.16. If Certificate is issued in this form, it means that there are no registered transactions / liabilities on the property for a given period of time unregistered transactions are not included in this certificate. Property… Read more »

Where can I register my immovable property ?

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Documents pertaining to immovable property shall be registered in the Sub-Registrar office in whose jurisdiction the property is situated Or If you have any problem with the Sub-Registrar’s office please approach the District Registrar of your district.InBangalore Urban district still if you have problem in registration you can visit the Office of the Inspector General… Read more »

Who can execute a power of attorney?

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A person who has attained majority may execute power of attorney in favour of another person who has attained majority including family members like brother, sister, father and mother to act on his behalf. If a power of attorney is executed to sell property in favour of relatives other than those mentioned above, 2 percent… Read more »

Does an agent under a power of attorney get the property transfered in his name through the said power of attorney?

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No. It is wrong to say that ownership is transferred by getting General Power of Attorney. Persons purchasing property must get the sale deed registered. This principle applies to other kinds of transactions also. There are two kinds of Power of Attorney. A. General Power of Attorney (GPA) B. Special Power of Attorney (SPA) (A)… Read more »