Motorcycle sale
Vijay
(Querist) 03 March 2016
This query is : Resolved
Respected members of the community, I have a couple of questions if I may. I've sold my motorcycle last year on November 20 2015, the owner still hasn't transferred the ownership to his name, however he has paid his Insurance upto date.
Can we use a 20 Rupee NJ-Stamp paper to validate the agreement of sale? Can it be used as an evidence, just in case if there are any mishaps on the second owner side, or if he sells to anyone without the transfer of ownership?
Secondly, can we use 1 Rupee revenue stamp on a paper stating sale of ownership of a motorcycle, signed by the acquirer, will the court accept it as an evidence of sale, just in case if there are any accident/death?
Your help, guidance is much appreciated.
Thank you!
P. Venu
(Expert) 04 March 2016
It is essential that the changes are carried out in the RC Book.
Rajendra K Goyal
(Expert) 04 March 2016
Send registered notice to purchaser and inform to RTA.
Adv. Yogen Kakade
(Expert) 04 March 2016
Doesn't matter whether the sale agreement is executed or not.. but the formalities of the ownership transfer has to be done at the RTO.
Dr J C Vashista
(Expert) 05 March 2016
Neither of the questions involve legal opinion and advise i.e., unfit query.
Consult a local motor dealer or concerned MLO/RTO.
R.K Nanda
(Expert) 05 March 2016
contact office of RTO.
