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P.A. Harish (Senior Manager - Internal Audit)     04 August 2012

Encumbrance certificate (ec)

Dear Members

Please clarify whether the Encumbrance certificate (EC) for a "Land property" obtained from the registrar in Chennai should cover the transactions/entries in relation to the property referred.

1.  Registered Mortgage deeds in respect of Bank loan taken against the land property.

2. Registered General Power of Attorney issued by the land owner in favour of "Developer" for the sale of land.

For your opinion please.

Regards

Harish PA

Note: Presently, I have received a "EC" for the above transaction period without the above two entries.



Learning

 2 Replies

M.Sheik Mohammed Ali (advocate)     04 August 2012

yes, it should be mentioned above transactions. or now you may impleate the transaction after that you buy.

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     04 August 2012

How it possible without two entries having  an  E.C. ?


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