For years, often people forget to build a will & even die without one. If the individual dies without a will, it is said to be called "intestate." It also includes a person's property, and his / her legal successor inherited. In that case, they may apply for restitution bond, which requires the property to be exchanged easily-whether there are two or more legitimate heirs and can order that the property be divided in the future.
A surrender deed is considered a formal instrument in which a legitimate heir in good conscience surrenders his / her legal rights to 'inherited land' of other heirs. If the individual dies intestate, the deed of surrender shall pass possession. The legal heir (by inheritance) shall transfer their shares of the same property in favour of the co-owner or an alternative legal heir. A surrender deed is given either for consideration or without consideration. In comparison, for the transfer to be released or relinquished, the parties concerned must be co-owners of the land.
A relinquishment deed when it is jointly owned is responsible for the smooth transfer of property.
If in the event of a death-no will have been written by the deceased individual (or intestate), in that case, relinquishment deed comforts in the transfer of property.
A relinquishment deed permits a legal heir to transfer ownership of the inherited property to additional legal heirs.
Multilateral Investment Guarantee Agency, another world bank affiliate was established in 1988 to encourage private sector investment in developing countries by providing cover to lenders and investors against political world Bank group.
Gift is the gratuitous transfer of property from one person to another. Section 122 of Transfer of Property Act, 1882 defines ‘Gift’. A gift is usually an exchange or transfer of ownership of any property from one person to another
The SEBI has recently proposed various changes concerning minimum public shareholding (MPS) requirements and enhanced disclosure of companies trying to re-enlist their shares after the Corporate Insolvency Resolution Process (CIRP).