2.

The Act is having an important place in the statute book with the main objective to render the system of transfer of immovable property a

- As per Section 122 of the Transfer of Property Act, Gift is the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person called the donor, to another person called the donee, and accepted by or on behalf of the donee. The Transfer of Property Act, 1882 has been made for the regulation of the free transfer of property in India. Section 126 of the Transfer of Property Act talks about when a gift can be suspended or revoked. The concept of alienation was also explored. - "Gift" is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the donee. 4. However, this gratuitous transfer can be suspended or revoked. 3. Section 31 of the Transfer of Property Act, 1882 states that any transfer where the condition of happening of an event or not happening of an event takes place is applied, the transfer shall cease to have an effect. Even in the definition of conditional gifts also, no mention of delivery of possession. This article also explores what can be transferred under this Act, and who are the ones competent to transfer. Interpretation-clause. The ownership must relate to a property in existence: Gift must be made of existing movable or immovable property capable of … Extent. For your ready reference, the definition of gift under section 122 of the Transfer of Property Act, 1882 is as under – “Gift†is the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the donee.

Enactments relating to contracts to be taken as part of Contract Act and supplemental to the Registration Act… The definition of “Gift” is defined under section 122 of Transfer of Property act which states that “Gift” is the transfer of certain existing movable or immovable property made violently and without consideration, by one person, called donor, to another, called the donee and accepted by and behalf of the donee. - Further, Gifts that involve immovable property should be registered under the Transfer of Property Act, - It means without registration of Gift deed , the title does not pass on to the donee, - And further, a Conditional gift is one that is subject to or dependent on a condition. The Transfer of Property Act, 1882 happened to be one of the early legislations of the nineteenth century. Repeal of Acts. A gift is a transfer of ownership without consideration. Short title. commencement. The gift is a gratuitous transfer. A conditional gift was not envisaged by the provisions of the Transfer of Property Act, argued the learned counsel of the appellant. This transfer can be in the present or the future and must be between living persons. Gift defined under the Transfer of Property Act is as given below-122. It provides separate provisions for the gift of 1.3. According to Section 122 of Transfer of Property Act,1882 -“A Gift is the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person, called the donor or guarantor or sender, to another, called the donor, and accepted by or on behalf of the donee or guarantee or receiver.” Any gift may be void and suspended if the rules and regulations of giving and … Saving of certain enactments, incidents, rights, liabilities, etc. The gift has been defined under Section 122 of the Act, which states that gift is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the donor, to another, called donee, and accepted by or on behalf of the donee.

This condition is given in a negative sense, as the transferor prescribes … 10 to 34 of the Transfer of Property Act. The condition mentioned in this section is a condition subsequent and not a conditional limitation which is in favour of any third party. "Gift" defined. - "Gift" is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee, and accepted by or on behalf of the donee. There, however, are certain essentials of a gift – the gift, for example, must be tangible, and its ownership should be transferred by the donor and accepted by the donee. THE TRANSFER OF PROPERTY ACT, 1882 _____ ARRANGEMENT OF SECTIONS _____ PREAMBLE CHAPTERI PRELIMINARY SECTIONS 1. "Gift" defined. Inasmuch as the gift deed failed to transfer, title, possession and the right to deal with the property in absolute terms in favour of the donee the same was no gift in the eyes of law, contended learned counsel for the appellant. Sec 123 of the Transfer of Property Act makes a reference ‘to delivery’. The only restriction is that the condition must not be repugnant to nay of the provisions of Section 10 to 34 of the Transfer of Property Act, 1882. This section deals with the mode of transfer in the case of gifts. Section 122 of the Transfer of Property Act defines 'gift' as the transfer of certain existing moveable and immoveable property made voluntarily, without any consideration, by a donor to a donee.