Sunday, October 29, 2017

Properties and Rights which cannot be transferable under the Transfer of Property Act, 1882

Properties and Rights which cannot be transferable under the Transfer of Property Act, 1882

In the Transfer of Property is defined in section 5 of the Transfer of Property Act as an act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself, and one or more other living persons, and ‘to transfer property’ is to perform such act.

In this section ‘living person’ includes a company or association or body of individuals, whether incorporated or not, but nothing herein contained shall affect any law for the time being in force relating to transfer of property to or by companies, associations or bodies of individuals.
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