To buy agricultural land...
Caution needed for purchase of Agricultural Lands in Karnataka, and in compliance with Karnataka Land Reforms Act, 1961.
Wednesday, June 25, 2014
Tuesday, June 24, 2014
Bring NBFCs under SARFAESI Act: study | Business Standard News
Bring NBFCs under SARFAESI Act: study | Business Standard News
Non-banking finance companies should be brought under the ambit of the SARFAESI Act to enhance investor confidence and ensure robust growth of the financial services sector, a study has said.
Non-banking finance companies should be brought under the ambit of the SARFAESI Act to enhance investor confidence and ensure robust growth of the financial services sector, a study has said.
Monday, June 16, 2014
LAW FOR ALL-M.MURALI MOHAN: Deposit of Title Deeds - Registration when require...
LAW FOR ALL-M.MURALI MOHAN: Deposit of Title Deeds - Registration when require...: Mutation of entry of deposit of title deeds in revenue records when not covered by State Govt. Notification , can not be changed;
Saturday, June 14, 2014
Friday, June 13, 2014
Thursday, June 12, 2014
Tuesday, June 10, 2014
Friday, June 6, 2014
Attachment of Immovable Properties in India
Attachment of immovable property is a
legal process of taking, apprehending, or seizing the property, by virtue of
any forms of judicial order to the satisfaction of judgement or during the pendency of litigation. Immovable properties are defined in Sec 3(26) of the
General Clauses Act, 1897, and shall include land, and things attached to
earth, or permanently fastened to anything attached to earth. The transfer of
Properties Act, 1882, Sec 3 defines -“attached to the earth” means:-
(1) rooted in the earth, as in the case of trees and
shrubs;
(2) imbedded in the earth, as in the case of walls or
buildings; or
(3) attached to what is so imbedded for the permanent
beneficial enjoyment of that to which it is attached.
Attachment of
Immovable Properties as per Rule 54 of Order 21 of the Code of Civil Procedure
1908,
states:-
(1) Where the property is immovable, the attachment shall be made
by an Order prohibiting the judgment debtor from transferring or charging the
property in any way, and all persons from taking any benefit from such transfer
or charge.
(1) The Order shall also require the judgment debtor to attend
court on a specified date to take notice of the date to be fixed for settling
the terms of the proclamation of sale.
(2) The Order shall be proclaimed at some place on or adjacent to
such property by beat of drum or other customary mode, and a copy of the Order
shall be affixed on a conspicuous part of the property and then upon a
conspicuous part of the court house, and also, where the property is land
paying revenue to the government, in the office of the Collector of the
District in which the land is situate and, where the property is land situate
in village, also in the office of the Gram Panchayat, if any, having
jurisdiction over that village.)
This, however, is subjected to various High Court Amendments.
The Categories of Properties which are
exempted from attachment is provided under Civil Procedure Code Section 60, with concerned State Amendments.
Sec :-60. Property
liable to attachment and sale in execution of decree.--
(1) The following properly is liable to
attachment and sale in execution of a decree, namely, lands, houses or other
buildings, goods, money, bank notes, cheques, bills of exchange, hundis,
promissory notes, Government securities, bonds or other securities for money,
debts, shares in a corporation and, save as hereinafter mentioned, all other saleable
property, movable or immovable, belonging to the judgment-debtor, or over
which, or the profits of which, he has a disposing power which he may exercise
for his own benefit, whether the
same be held in the name of the judgment-debtor or by another person in trust
for him or on his behalf:
Provided that the
following particulars shall not be liable to such attachment or sale,
namely:--
(a) the necessary
wearing-apparel, cooking vessels, beds and bedding of the judgment-debtor, his wife and children, and such
personal ornaments as, in accordance with religious usage, cannot be parted
with by any woman;
(b) tools of artisans,
and, where the judgment-debtor is an agriculturist, his implements of husbandry and such
cattle and seed-grain as may, in the opinion of the Court, be necessary to
enable him to earn his livelihood as such, and such
portion of agricultural produce or of any class of agricultural produce as may
have been' declared to be free from liability under the provisions of the next
following section;
(c) houses and other
buildings (with the materials and the sites thereof and the land immediately
appurtenant thereto and necessary for their enjoyment) belonging to 2[an agriculturist or a
labourer or a domestic servant] and occupied by him;
(d) books of account;
(e) a mere right
to sue for damages;
(f) any right of personal service;
(g) stipends and
gratuities allowed to pensioners of the Government [or of a local authority or of
any other employer], or payable out of any service family pension fund notified in the Official Gazette
by [the Central Government
or the State Government] in this behalf, and political pension;
[(h)] the wages of labourers and domestic
servants, whether payable in money or in kind
[***];
[(i) salary to the extent of [the first [ [one thousand rupees]] and
two-thirds of the remainder] [in
execution of any decree other than a decree for maintenance]:
[Provided that where any part of such portion of
the salary as is liable to attachment has been under attachment, whether
continuously or intermittently, for a total period of twenty-four months, such
portion shall be exempt from attachment until the expiry of a further period of
twelve months, and, where such attachment has been made in execution of one and
the same decree, shall, after the attachment has continued for a total period
of twenty-four months, be finally exempt from attachment in execution of that
decree;]]
[(ia) one-third of the salary in execution of
any decree for maintenance;]
[(j) the pay and allowances of persons to whom
the Air Force Act, 1950 (45 of 1950), or the Army Act, 1950 (46 of1950), or the Navy Act, 1957 (62 of 1957),
applies;]
(k) all compulsory
deposits and other sums in or derived from any fund to which the Provident
Funds Act, [1925] (19 of1925), for the time being applies in
so far as they are declared by the said Act not to be liable to attachment;
[(ka) all deposits and other sums in or
derived from any fund to which the Public Provident Fund Act, 1968 (23 of 1968),
for the time being applies, in so far as they are declared by the said Act as
not to be liable to attachment;
(kb) all moneys
payable under a policy of insurance on the life of the judgment-debtor;
(kc) the interest of
lessee of a residential building to which the provisions of law for the time
being in force relating to control of rents and accommodation apply;]
[(l) any
allowance forming part of the emoluments of any [servant of the Government] or
of any servant of a railway company or local authority which the [appropriate Government] may by
notification in the Official Gazette declare to be exempt from attachment, and
any subsistence grant for allowance made to
[any such servant] while under suspension;]
(m) an expectancy of
succession by survivorship or other merely
contingent or possible right or interest;
(n) a right to future
maintenance;
(o) any allowance
declared by [any Indian law]
to be exempt from liability to attachment or sale in execution of a decree; and
(p) where the
judgment-debtor is a person liable for the payment of land-revenue ; any
movable property which, under any law for the time being applicable to him, is exempt from sale for the
recovery of an arrears of such revenue.
Immovable Property Attachments under Criminal Procedural
Code 1973.
Criminal
Procedural Code Sec 87 and 88 provide for the attachment and sale of the
property of any accused person or witness whose presence is required by a
criminal court as a last remedy for compelling his attendance. The procedure
laid down must be adhered; else, sale will be liable to be set aside. Schedule
5 of Cr. P.C prescribes the form for proclamation, attachment e.t.c.
However, Police
can attach only the movable property as per Sec 102 Cr.PC. In this regard, a bench of the Bombay High
Court on Monday gave a split judgment on attachment of property of the accused
in criminal cases, with the majority observing that police cannot attach
immovable property under Section 102 of the CrPC. The term property, which police
can attach, is only is 'movable'.
The Customs (Attachment of property of defaulters for
recovery of Government dues) Rules, 1995.
The rules as to:-
Private alienation to be void in
certain cases.
(a)
Where a notice has
been served on a defaulter under rule 4 , the defaulter or his representative
in interest shall not be competent to mortgage, charge, lease or otherwise deal
with any property belonging to him except with the written permission of the
Proper Officer.
(b)
Where an attachment has been made under these
rules, any private transfer or delivery of the property attached or any debt,
divided or other moneys contrary to such attachment, shall be void as against
all claims enforceable under the attachment.
(c) Where the property to be
attached consists of the share or interest of the defaulter in property
belonging to him and another as co-owners, the attachment shall be made by a
notice to the defaulter prohibiting him from transferring the share or interest
or charging it in any way.
Similarly, the concerned State rules as to civil rules of
practice provides the rules applicable to alienation after service of attachment
notice, in cases of Attachment of Immovable Properties as per
Rule 54 of Order 21 of the Code of Civil Procedure 1908.
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