Document presented for
Registration and its DELAY
Every document, presented for
registration, shall bear its ‘date of execution.’
The date of execution of a document
is the date on which it is signed by the party;
Generally, the date which a
document bears at its head is a date of its execution.
The date on which ‘a Certificate
of Sale’ by a Civil Court was signed by the Court shall be taken as the date of
its execution (for the purpose of its registration).
An ALTERATION in the date of
execution of a document, made ostensibly for the purpose of evading payment of
the penalty leviable, shall not be recognized.
Time for presentation of a document
for its registration:
Every document (non-testamentary
document) shall be presented for registration within FOUR MONTHS from
the date of its execution. (except Will, which is a testamentary document). –sec.23
of The Registration Act 1908.
Fines for delays in
presentation of document for registration:
1. If
the delay does not exceed one week = 25% of the Registration fee as fine.
2. If
the delay exceeds one week but does not exceed one month = 50% of the Registration
Fee as fine.
3. If
the delay exceeds one month but does not exceeds two months = 75% of the
Registration fee as fine.
4. If
the delay exceeds two months but does not exceed four months = 100% of the
Registration fee as fine.
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