indemnity bond can be notarised. registration is not required
2) also police complaint should be filed about loss of originals
Indemnity Bond on missing papers
Hi, Builder has lost the two papers of the original registered agreement and now they are providing me indemnity bond for the same. I have an doubt whether the document should be registered document of notarized document. Regards, Sujeet
Asked 8 years ago in Property Law
Religion: Hindu
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9 Answers
1. If the original title deeds is lost then certified copy can be relied on.
2. The furnishing if indemnity bond provides further security.
3. Since you have not mentioned details of the original documents I can not advise whether you should proceed to buy this property.
4.Hence it is advisable that you show all the relevant papers to an advocate and then take the call.
The indemnity bond cannot be registered document.
It is legally valid to the extent of its recital in it.
You have to verify the contents of the indemnity bond indemnifying the loses to what extent in case of any dispute over the missing documents arises in future.
Get it vetted by a local lawyer before proceeding.
Dear Sir...
You can file the criminal case against the builder ...cheating forgery..missappropriation ...
Regards..
Mob-n-[deleted]
It should be registered. Do not be induced by notarization. It should be registered.
Yes missing pages complaint lodged in the local police station. If I wish to register the document , Can I ask builder to register the document? Or As per the law, Indemnity Bond not allowed to register?
Asked 8 years ago
registration of indemnity bond is optional
2) you can request builder to register indemnity bond
The indemnity bond is not a registrable document.
No law makes the registration of an indemnity bond compulsory. So even if it is not registered, it will not affect its enforceability.
It can be enforced on the basis of the contents in it and legal validity.
everything.he will deposit in the court of law..as per your instruction
Yes,ask him to register it. It takes only few hours. Indemnity bond can be registered.