Skip to main content

Can ancestor's property be sold?

 Can ancestor's property be sold?

Property is defined as a thing belonging to someone; possessions collectively, considering it is an important area, it has some special laws known as property law. Property law is the area of law that governs the various forms of ownership in real property and personal property.

Property can be tangible or intangible. Intangible property includes intellectual property rights. Property can be exchanged through contract law and if the property is violated one could sue under tort law to protect it. Property laws are related to principles, policies, and rules by which property disputes are resolved and which property transactions may be structured.

Napoleonic code was among the first government acts of modern times to introduce the notion of absolute ownership into statute, protection of personal property was present in medieval Islamic law and jurisprudence, and in more feudalist forms in the common law courts of medieval and early modern England.

Under the Indian laws, the assets earned by a Hindu or inherited from anyone except his father, grandfather, or great grandfather are treated as personal assets.  The assets which are received from the ancestor are known ancestral property. 

There is a huge difference between ancestral property and self-acquired property, ancestral property under Hindu law is known as coparcenary property. In 2005, after the amendment girls were given rights over the ancestral property, so that receive equal rights with male members known as coparceners. On the other hand, the self-acquired property is purchased by the person from his property.

The question arises, can one sell the ancestral property as Karta?  to understand this question one needs to understand the meaning of Karta. Karta is considered the head of the family, Karta has the power to manage the family and decide the assets of the family. He might have ample rights but he doesn't have complete independence. 

Some provision does state that Karta can sell the ancestral property of HUFs mentioned in mitakshara. He can sell the property in the stress of distress, for the benefit or sake of the family and Karta can sell for religious purposes.

The second question, arises is that can one sell the ancestral property as a coparcener, a coparcener is free to sell his share in the ancestral property for selling, the coparcener needs to take out his share in the property. To know one's share the coparcener should file for the partition at any point of time, it is the coparcener's choice to decide as to when he wants to conclude that status of the jointness and get separate in the property.

This concludes that Karta can sell the ancestral property but the coparcener can sell after the partition of the property.


Comments

Popular posts from this blog

Empowering Businesses: Virtual Corporate Law Services

  Empowering Businesses: Virtual Corporate Law Services In the dynamic world of business, legal support is crucial to ensure smooth operations, mitigate risks, and navigate regulatory landscapes. Lexis and Company offers Virtual Corporate Law Services to businesses in the UK, USA, Canada, Singapore, Dubai, and Australia , assisting with mergers, acquisitions, business contracts, compliance, and corporate governance. Key Features of Virtual Corporate Law Services 1. Mergers and Acquisitions (M&A) Legal Support We provide comprehensive legal services for mergers and acquisitions , including due diligence, structuring deals, drafting agreements, and navigating regulatory approvals. Benefits: Ensures smooth and legally sound M&A transactions. Minimizes risks during corporate restructuring. Protects your business interests in high-value deals. Trending Hashtags: #MergersAndAcquisitions #BusinessDeals #CorporateLaw #LegalSupport #VirtualLegalExperts 2. Business Contracts and Ag...

Concept of constitutionalism

  Concept of constitutionalism Who Started Constitutionalism? John Locke - The English Bill of Rights is a foundational constitutional document that helped inspire the American Bill of Rights. Political theorist  John Locke  played a huge role in cementing the philosophy of constitutionalism.  Constitution is a written law which describes the structure of Government, the rules according to which the Govt. must work and the boundaries within which the Govt. must work. Constitutionalism   can be defined as the doctrine that governs the legitimacy of government action, and it implies something far more important than the idea of legality that requires official conduct to be in accordance with pre-fixed legal rules. Constitution constitution is the document that contains the basic and fundamental law of the nation, setting out the organization of the government and the principles of the society. Basic norm (or law) of the state; System of integration and organi...

Nathulal v. State of Madhya Pradesh AIR 1966 SC 43

 Nathulal v. State of Madhya Pradesh AIR 1966 SC 43 CITATION AIR 1966 SC 43 COURT Supreme Court of India JUDGES/CORAM Justice K.S. Shah and Justice R. Bachawat DATE OF JUDGEMENT 22.03.1965 Facts: The facts of the case are as follows: The appellant was a dealer in a food grains at Dhar in Madhya Pradesh prosecuted in the Court of Additional District Magistrate for possessing in stock maunds and 21/4 seers of wheat for the purpose of sale without license. Subsequently appellant was charged for committing an offence under section 7 of the Essential Commodities Act, 1955. Thereafter the appellant pleaded there was no intention to contravene any provisions of the law and the grains were stored upon filing an application for license and upon believe that it will be issued to him. The appellant further stated that he continued to submit returns on the food grains stored and purchased to the respected authority. Thus, the appellant was acquitted in the Court of Additional District Magistra...