My relative invested in a business venture with someone without any formal agreement. I advised them against it, but they took a signature on a simple paper with a revenue stamp, listing the investment details and returns. I also signed as a witness. Wi

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My relative invested in a business venture with someone without any formal agreement. I advised them against it, but they took a signature on a simple paper with a revenue stamp, listing the investment details and returns. I also signed as a witness. Will this paper hold up in court if the other party doesn’t repay in Guwahati, Assam?

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Your mother can gift you the flat. The society may charge a transfer fee, but it’s likely to be lower than the resale fee. Whether it’s considered an internal transfer depends on the society’s bylaws and the local authorities’ regulations. You should consult with the society and relevant authorities for clarification.

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