Table of Contents
What is the difference between sale and transfer of property?
A sale deed is drafted on the actual sale/transfer of the property. Once the deed is executed, the new buyer takes the complete ownership of the property….Difference between agreement of sale and sale deed.
| Points of difference | Agreement of sale | Sale deed |
|---|---|---|
| Transfer | It implies the future transfer of the property | It signifies an immediate transfer of the property titles |
Is a transfer of shares a sale?
A share transfer is the buying and selling of shares between shareholders. The incoming shareholder (buyer) buys existing shares from a current shareholder (seller) who wishes to sell their stake in the business. A seller wants to sell shares because they need money or they no longer want to be part of the company.
What is the difference between sale and assignment?
The difference between a deed of sale and a deed of assignment is that the deed of sale is used once and has no conditions other than the purchase price of the property, while the deed of assignment can be used anytime to transfer contractual rights from one party to another.
What does it mean to sell in transfer shares?
So, the transfer of shares in the company is the process of transferring existing shares from one person to another, either by selling or by gifting them. When a person purchases or receives a company’s stock, they get a certificate that shares the details of the ownership of the shares, known as the stock certificate.
Is sale deed compulsory?
A sale deed is a legal document to prove actual transfer of property from seller to the buyer. It is absolutely mandatory to get a sale deed registered. Sale deed registration process is also carried out in the office of Sub-registrar after the payment of stamp duty and registration charges.
What happens when you transfer shares?
If you transfer your stock shares to someone else, you are not liable for any taxes, aside from the potential gift tax. Although there is no gift tax for the recipient, he will be responsible for any capital gains taxes assessed when the shares are sold.
In case of allotment of any of its shares – within a period of 2 months from allotment date. Receipt by the company of the instrument of transfer/ intimation of transmission – within a period of 1 month from the date of receipt.
Is a transfer an assignment?
An assignment is a transfer of a right from one party to another. Usually this is the transfer by one party of its rights and remedies, under a contract with a counterparty, to a third party.
What is deed sale?
A deed of sale is also called a property title. It is an authentic deed drafted and signed by a public officer, generally a notary, which makes mention of the legal situation of the building and its nature.
Can I move my stocks from one brokerage to another?
You can transfer an entire stock trading account or particular stocks from one brokerage to another. If you have stock held in a different way, like bought directly from a company or held through a paper stock certificate, you can generally transfer this to a brokerage too.
What happens if I lose my original sale deed?
Lodge an FIR: It is true if you lose anything, first go to the police station in your area. Lodge an FIR (first information report) with the police there, giving all the details of the property. In case the police are not able to trace your lost sale deed, they would issue you a non-traceable certificate.