Framework of hypothecation as per indian law

This query is : Resolved

Kamalesh (Querist)
Follow

28 June 2016 Can a vehicle be hypothecated to an individual?
If yes, under what conditions/framework is it possible?
Any cue in this aspect is highly appreciated.

Thanks,
Kamalesh

Sachidanand Singh

Sachidanand Singh (Expert)
Follow

28 June 2016 YES. Easiest would be to get a vehicle or vessel hypothecation agreement of a bank and amend it suitably. Find out the applicable stamp duty for your state.

Message likes : 1 times

Kamalesh

Kamalesh (Querist)
Follow

28 June 2016 Thanks a lot for your quick revert Sachidanand Singh!

Is there any particular clause that elaborates the T&C of such Hypothecation?

Sachidanand Singh

Sachidanand Singh (Expert)
Follow

28 June 2016 Thats an unclear question for me, pl go through a deed and select the clause you wish to retain. By the way the hypothecatee does not get a right to sell the vehiclr without court order, though he can repossess it without court order.

Message likes : 1 times

Kamalesh

Kamalesh (Querist)
Follow

28 June 2016 Thanks for the clarification Sachidanand Singh

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vimlesh kumar

nitin

CA K GIRIDHAR

raval umesh

Suvigya Tiwari

Subscribe Now

Framework of hypothecation as per indian law

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

Manager- Finance and Compliance

Senior Executive

GST CONSULTANT

GST CONSULTANCY