Professional Documents
Culture Documents
Jlo Notes
Jlo Notes
Schedule
1. Acknowledgment- 10
2. Administration Bond- 2% of the value of bond
3. Adoption Deed- Rs 1000
4. Affidavit- Rs 50
Exemptions- a) Indian army, air force; b) filed or used in court; c) enabling any person
to receive any pension or charitable allowance
5. Agreement or memorandum of agreement-
BOE- 10
Sale of govt security- Max. 200rs
Purchase or sale of immovable property- 3% of total consideration
Repayment of loan or debt- 0.15% of amt. of loan or debt
Promoter/developer- as in point 21.
<10 lac- 2.50 paisa for every 1000
Not otherwise provided- 500
5A. electronic transaction- 0.01%
6. Deposit of title deeds, pawn or pledge-
a) Repayable more than 3 mnths.- 0.15%
b) Repayable not more than 3 mnths.- half the duty
Exemption- of agricultural produce.
7. Appointment in execution of a power- 200rs
8. Appraisement or valuation-
<1000- 5%
Other case- 100
9. Apprenticeship-deed- rs 40
10. AOA- 0.5%
11. Amendment in AOA
a) Increase in authorized share capital- 0.5%
b) Other case- 500
Exemption- not for profit
12. Clerkship- 500
13. Award-
a) <1000- 5%
b) other case- 100
13A. Bank guarantee- 0.25%
16 Cancellation- 100
21- conveyance 2(11)-
Immovable- 11%
Movable- 0.5%
TDR- 5%
22- copy or extract certified to be a true copy-
a) original not chargeable- 3rs
b) other case- 100rs
27- divorce instrument- 50rs
28- advocate name on roll in high court- 500rs
29- exchange of property- same as 21
30- further charge- same as 21
31- Gift- same as 21
33- lease- same as 21
33A- leave and license agreement- same as lease
37- mortgage deed-
a) Possession is given- same as 21
b) Possession is not given- same as 14
c) Collateral or auxiliary security-
i) Not exceeding Rs 1000- 12rs
ii) 1000 or exceeding 1000- 12rs
Exemption- agriculture
38- mortgage of crop- Rs 2
39- Notarial act- Rs 10
41- note of protest- Rs 10
42- partition- No. 21
43- partnership- 2000rs
44- power of attorney- 100, 200, as per 21, 2000, fifty rs for each authorized person
45- protest of bill or note- Rs 10
51- settlement-
i) Religious or charitable purpose- as per 14
ii) Any other case- as per 21
55- transfer of lease by assignment- as per 21
RIGH DUTIE
T S
To reserve the right of disposal of the To make the arrangement for
1. goods until certain conditions are fulfilled. 1 transfer of property in the
(sec 25 (1) goods to the buyer.
To assume that the buyer has accepted the
goods , where the buyer
(i ) Conveys his acceptance;
(ii) Does an act adopting the sale; or To ascertain and appropriate
2. 2.
(iii) Retains the goods without giving a the goods to the contract of sale
notice of rejection, beyond the specified
date (or reasonable time), in a sale on
approval. (sec 24)
3. To deliver the goods only when applied 3. To pass an absolute and
for by the buyer ( sec 35) effective title to the goods, to
the buyer.
To deliver the goods in
To make delivery of the goods in
4. 4. accordance with the terms of
installments, when so agreed ( sec 39 (1)
the contract ( sec 31)
To ensure that the goods
To exercise lien and retain possession of
supplied conform to the
5. the goods, until payment of the price ( sec 5.
implied / express conditions
47 (1)
and warranties.
To put the goods in a
To stop the goods in transit and resume
deliverable state and to deliver
6. possession of the goods, until payment of 6.
the goods as and when applied
the price ( sec 49 (2) and 50
for by the buyer ( sec 35)
To deliver the goods within the
time specified in the contract or
To resell the goods under certain
7 7 within a reasonable time and a
circumstances ( sec 54)
reasonable hour. [ sec 36 (2)
and (4)]
To bear all expenses of and
To withhold delivery of the goods when incidental to making a delivery
8 the property in the goods has not passed to 8 ( i.e. upto the stage of putting
the buyer (sec 46 (2) the goods into a deliverable
sate 0 (sec 36 (5)
To sue the buyer for price when the
property in the goods has passed to the
buyer or when the price is payment on a To deliver the goods in the
9 9
certain day, in terms of the contract, and agreed quantity. (Sec. 37 (1).
the buyer fails to make the payment (sec
55)
To deliver the goods in
installments only when so
10
desired by the buyer. (Sec 38
(1)
To arrange for insurance of the
goods while they are in
11
transmission or custody of the
carrier. (Sec. 39 (2).
To inform the buyer in time,
when the goods are sent by a
12
sea route, so that he may get the
goods insured [Sec. 39 (3) ]
Rights of Buyer
Section 37 protects the buyer against receiving goods that fail to meet the agreed-upon
specifications.
When the seller delivers the goods in instalments without prior agreement, Section 38(1)
grants the buyer the right to repudiate the contract.
If the seller intends to send the goods via sea route, Section 39(3) obliges the seller to inform
the buyer accordingly.
Section 41 of the Sale of Goods Act, 1930 ensures that the buyer has a reasonable
opportunity to inspect the goods before accepting them.
In the event that the seller fails to deliver the goods as agreed, the buyer possesses the right to
file a suit to recover the price already paid for the goods.
If the seller wrongfully neglects or refuses to deliver the goods to the buyer, Section 57 grants
the buyer the right to seek damages for any losses incurred.
Sections 59 and 60 of of the Sale of Goods Act, 1930 empower the buyer to sue for breach of
warranty or a condition treated as a breach of warranty, respectively.
Duties of Buyer
When the seller is willing and ready to make the delivery per the contract (as per Section 31),
it becomes the buyer’s duty to accept the goods without delay.
The buyer is responsible for formally applying for the delivery of the goods (as stated in
Section 35).
The buyer retains the right to demand delivery of the goods at a reasonable hour, as Section
36(4) outlines. This duty ensures that the seller arranges the delivery at a suitable time,
avoiding any undue inconvenience to the buyer.
If the contract allows for the delivery of goods in instalments (as specified in Section 38(2)),
the buyer must accept such deliveries and make payments accordingly.
Suppose the goods are to be delivered to a location other than where they were sold (as per
Section 40). In that case, the buyer assumes the responsibility for any deterioration or damage
that may occur during transit.
If the buyer refuses to accept or rejects the goods, they have a duty to inform the seller
accordingly (as stated in Section 43).
Upon the seller’s tender of delivery, the buyer is obliged to accept the goods within a
reasonable timeframe as per Section 44.
When the property in the goods is transferred to the buyer as per the terms of the contract (as
per Section 55), the buyer must pay the price as agreed upon.
If buyer’s non-acceptance of the goods (as per Section 56), the buyer is obligated to pay
damages to the seller as compensation for any losses incurred.
Section 22- adds that the act which was done by the partner to bind the firm must be done in the
name of the firm or in any other manner which implies an intention to bind the firm.
While the implied authority depends on the nature of the business of the firm, a partnership of a
general commercial nature may allow the partner to:
Draw, make, sign, endorse, transfer in the name and on account of the partnership.
(vii) Testatum: After the recitals, the operative part of the deed commences with the
testatum [This is the “witnessing” clause which refers to the introductory recitals
agreement, if any, and also states the consideration. Witnesses clause usually begins
with the words “NOW THIS DEED WITNESSES].
(ix) Receipt: The receipt of consideration is made within parenthesis in the deed. If part
consideration has been paid and the balance is being paid at the time of execution of
deed, the fact should be stated in the receipt clause.
(x) Operative words: After the testatum, operative words follow, which express the
nature of the transaction. Such words should be clear.
(xi) Parcels: After the operative words, description of the property being transferred is
given for easy identification of the property.
(xii) Schedule of the property: As the description of the property is generally lengthy, it
is given in a schedule appended to the deed and the words “and more particularly
described in the schedule hereunder written” is written in the parcel of the deed. In case
of any conflict between parcels incorporated in the deed and description of the subject-
matter in the schedule, the former shall prevail unless it is made clear in the deed that
description as given in the subject-matter will be preferred.
(xiii) Map: In the deed of transfer, the map of the property to be transferred is annexed,
to identify the property. If a map is annexed to the deed, it is treated as part of the
deed.
(xiv) All estate clause: This clause expresses that the transferor conveyed all his estate,
interest title, claim, rights and demands whatsoever into or in the said property or any
part thereof.
(xv) Exceptions and reservations: An exception is a part of the thing granted, which is
in existence, and a reservation is a thing not in existence but created or reserved out of
land granted. If the transferor wants to retain some part of the estate transferred, it
should be specifically mentioned after description of the property.
(xvi) Habendum: It limits the granted estate and it mentions the liabilities or incidents
subject to which the property is transferred. The clause is written into deeds and
mortgages to define transfer of the subject property.
(xvii) Reddendum [‘trick- to retain’]: It is a clause in a deed by which some new thing
is reserved out of what has been granted before. In this cause, the rent payable by the
lessee is specified, along with time and mode of payment.
(xix) Delivery of title deeds: After the covenant clause, clause regarding delivery of title
deeds by the transferor to the transferee is incorporated. When the transferor transfers
the property, he is required to deliver all the title deeds in his possession to the
transferee. However, if a part of the property is transferred or where the property is
transferred to several persons, the transferor or the transferee of the lot or the greatest
value, as the case may be, is entitled to retain the title deeds.
(xx) Testimonium: It is the concluding part of the deed. It states that the parties have
signed the deed in witness of what is written therein.
(xxi) Execution: After testimonium, the deed is executed by the parties in presence of
witnesses. Execution does not mean merely signing it, it should accompany the
intention of the executant to give effect and operation to the document signed. Section
67 of the Evidence Act, 1872 provides that no particular proof is required for the
purpose of establishing the fact of execution.