Transfer by ostensible owner where with the consent, express or implied, of the persons interested in immovable property, a person is the ostensible owner of such property and transfers the same for consideration,the transfer shall not be voidable on the ground that the transferor was not authorized to make it. Ownership definition of ownership by merriamwebster. Benami transaction prohibition act and its impact on law. Section 41 of transfer of property act defines ostensible owner. Transfer by ostensible owner section 41, transfer of property act, 1882 where, with the consent, express or implied, of the persons interested in immovable property, a person is the ostensible owner of such property and transfers the same for consideration, the transfer shall not be voidable on the ground. Ostensible ownership or agency one of the exceptions, mentioned in 41, to the general rule that a person who has no title to goods cannot confer a title upon a third party, is the case in which the owner is estopped from denying the validity of the sale. Transfer by unauthorized person who subsequently acquires interest in property transferred. Web to pdf convert any web pages to highquality pdf files. When a pdf file is protectedsecured with a change permissions password also called pdf owner password, you wont be able to edit, copy, print or. The ostensible owner should get some consideration in return of the property. Ownership definition is the state, relation, or fact of being an owner.
Use pdf download to do whatever you like with pdf files on the web and regain control. Ostensible owner is a person who has all the indications of ownership and looks like owner of property but is not the real owner. In the case of an ostensible owner as envisaged by sec 41, there are indications of ownership in hands of transferor like title, entries in records etc. Difference between ostensible owner and benamdar as envisaged by benami transaction prohibition act, 1988. Transfer by person having authority to revoke former transfer. It means an act by which a living person conveys property in present or in future to one or more living persons, or to himself, or.
The transfer should be for some consideration in return. The primary condition is that the person who is transferring the property should be ostensible owner. The primary condition is that the person who is transferring the property should be ostensible. And when you want to do more, subscribe to acrobat pro. Transfer for consideration by persons having distinct interests. Only with adobe acrobat reader you can view, sign, collect and track feedback, and share pdfs for free. There should be either implied or express consent from the owner of the property. There should be consent form the real owner, which can be implied or express form. Position of ostensible owner in indian property law visa. Wetransfer is the simplest way to send your files around the world.
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