My society isn’t officially registered. Mr. A owned a flat here, which he sold to Mr. B and Mr. C in 1992. They used a stamp paper worth ₹2,000 for the agreement, but it wasn’t registered. The sale price was ₹2,00,000. Later, Mr. C sold his share back to Mr. B in 2000, using a ₹20 stamp paper for a price of ₹1.5 lakh. Now, Mr. B wants me to issue bills from June 2016 in his name. Since both these sales weren’t registered, is it safe to issue bills in Mr. B’s name?

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Law Forum › Category: Property › My society isn’t officially registered. Mr. A owned a flat here, which he sold to Mr. B and Mr. C in 1992. They used a stamp paper worth ₹2,000 for the agreement, but it wasn’t registered. The sale price was ₹2,00,000. Later, Mr. C sold his share back to Mr. B in 2000, using a ₹20 stamp paper for a price of ₹1.5 lakh. Now, Mr. B wants me to issue bills from June 2016 in his name. Since both these sales weren’t registered, is it safe to issue bills in Mr. B’s name?
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Apni Law Staff asked 3 years ago

My society isn’t officially registered. Mr. A owned a flat here, which he sold to Mr. B and Mr. C in 1992. They used a stamp paper worth ₹2,000 for the agreement, but it wasn’t registered. The sale price was ₹2,00,000. Later, Mr. C sold his share back to Mr. B in 2000, using a ₹20 stamp paper for a price of ₹1.5 lakh. Now, Mr. B wants me to issue bills from June 2016 in his name. Since both these sales weren’t registered, is it safe to issue bills in Mr. B’s name?

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Apni Law Staff answered 3 years ago

Since the original sale and subsequent resale were not registered, the legal ownership of the flat is unclear. Issuing bills in Mr. B’s name carries a significant risk as it could be challenged in court due to the lack of legal proof of his ownership. You should consult a lawyer to understand the legal implications and ensure you are complying with tax laws.

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