How do I make a valid gift of movable property in New Delhi?
LA Asked by Lata Mangesh from India
Quick Answer
A gift of movable property in New Delhi can be made by delivery of possession or by a registered gift deed.
Detailed Legal Analysis
A gift of movable property in New Delhi can be made by delivery of possession or by a registered gift deed. The Delhi High Court has held that delivery of possession is sufficient for movable property without a written instrument.
Under the Delhi Rent Control Act 1958 and the Transfer of Property Act, the donor must be competent and the gift must be accepted by the donee during the donor's lifetime. A gift of movable property by will takes effect only on the testator's death.
The gift may be suspended or revoked under conditions specified in the deed. Registration is required if the gift is effected by a written instrument rather than delivery.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.