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CS Professional · Drafting, Pleadings and Appearances · Types of Documents

Ramesh of Pune wants to give his flat to his daughter Meera out of natural love and affection, without taking any money. He asks a company secretary which document should be used to transfer ownership of the immovable property. Which instrument is most appropriate?

A gift deed is the appropriate instrument. It transfers ownership of property voluntarily and without consideration, as Ramesh intends for his daughter. A power of attorney only authorises another person to act, while an indemnity bond and an affidavit do not convey title.

  1. AGift deedCorrect
  2. BPower of attorney
  3. CIndemnity bond
  4. DAffidavit

Explanation

A transfer of immovable property voluntarily and without consideration is made through a gift deed. A power of attorney only authorises an agent to act and does not transfer ownership. An indemnity bond and an affidavit serve different purposes and do not convey title.

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