According to the Mitakshara, “a gift consists in the relinquishment, without consideration, of one’s own right in property, and the creation of the right of another. The creation of another man’s right is completed on that other’s acceptance of the gift, but not otherwise.” (more…)
Legal Provisions Regarding Gifts under the Hindu Law
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Legal Provisions Regarding Gifts to Unborn Person in India under Hindu Law
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Gifts to unborn persons were not recognised by the traditional Hindu law. This rule still holds good, except in cases covered by any of the three following Acts, viz., 1. The Hindu Transfers and Bequests Act, 1914. (more…)
What are the Main Characteristics of Impartible Property under Hindu Law?
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The following are the six main characteristics of an impartible property: 1. Primogeniture: An impartible estate is held by one person at a time. The rule of lineal primogeniture is followed, i.e., it goes to the eldest son in the line. 2. Whether coparcenary or joint family property: An impartible estate is not held in […]