1. Introduction
All sorts of documents are not compulsorily registreable
under the Registration Act there are documents on which registration is at the
option of the party. The non-registration of such documents does not affect the
validity or admissibility in the evidence. In other words, Registration
Act has provided concepts of compulsory registration and optional registration
of documents. In this Act, different documents have been mentioned; some of
them are those documents of which registration is compulsory, and some documents
are those documents of which registration is not compulsory.
2. Relevant Provisions
Section 18 the Registration Act 1908 deals with the optional
registerable documents.
3. Meaning of Documents
An instrument on which is recorded, by means of letters,
figures or marks, the original, or legal form of something which may be
evidentially used.
4. Meaning of Registration
The term registration means enforcement of document of
immovable property under the Government stamp.
5. Object of Registration
The main object of the registration is the maintenance of
the collection of the land revenue or to give the security to the person concerned.
6. Documents of Which Registration is not compulsory
Following are those documents of which registration is not
compulsory;
(i) Deed of Adoption
A deed of adoption does not require registration. This is
because it is not deed, but the adoption itself, that created the status of
adopted son and confers an interest in property.
(ii) Instruments, which relate to share in Joint Stock
Company
Those instruments do not require compulsory registration
when such instruments relate to shares in Joint Stock Company.
(iii) Debenture, which is issued by Joint Stock Company
Debenture does not require compulsory registration when Joint
stock C9ompany issues such debenture.
(iv) Endorsement upon or Transfer of Debenture, which is
issued by Joint Stock Company
Any endorsement upon or transfer of any debenture does not
require compulsory registration, when Joint Stock Company issues such debenture.
(v) Document value of Hundred Rupees
Any document does not require compulsory registration when
such document does not create, declare, assign, limit or extinguish any right,
title or interest of value of one hundred rupees and upwards to or in
immoveable property, but merely creates a right to obtain another document
which creates, declares, assigns, limits or extinguishes any such right, title
or interest thought its execution.
(vi) Document of past transaction
Document evidencing merely a record of past transaction and
not containing terms of contract or bargain operating in praesenti would
qualify as a mere memorandum and does not require registration.
(vii) Decree or order of Court
Any decree or order of court does not require compulsory
registration when such decree or order is not made on compromise and does not
comprise immoveable property, which is other than that property, which is
subject-matter of suit or proceeding.
(viii) Instrument of Collateral Security
Instrument of collateral security does not require
compulsory registration when such instrument is granted under Land Improvement
Loans Act.
(ix) Power of Attorney
A power of attorney is not one of those documents enumerated
by section 17 of the Act which are compulsorily register able. However it can
be registered under section 18 of the Act.
(x) Agreement to Sell
A mere agreement to sell does not require registration by
reason only of the fact that such document contains a recital of the payment of
an earnest money or of the whole or any part of the purchase money.
(xi) Agreement of Mortgage
An agreement by a debtor to execute a mortgage of his
immovable property to his creditor does not by itself create an interest in the
immovable property but merely creates a right to obtain a deed of mortgage from
the debtor. Hence does not require registration, but it may be registered at
the option of one party.
(xii) Instrument of Partition
Any instrument of partition does not require compulsory
registration when such instrument is made by a revenue-officer.
(xiii) Certificate of Sale
Any certificate of sale does not require compulsory
registration when such certificate is granted to purchaser of any property,
which is sold by public auction by civil or revenue officer.
(xiv) Counterpart of Lease
Any counterpart of lease does not require compulsory registration,
when lease, which corresponds to such counterpart, has itself been registered.
(xv) Promissory Note
A promissory note is not required to be compulsorily
registered. However, it can be registered under this section.
Conclusion
To conclude, it can be stated that registration Act has
provided provisions for registration of some documents. It is not only through such
provisions, but it is also through precedents that it is decided whether a
document is register able of not. The reason is that provisions of Registration
act about registration of documents are not exhaustive ones. Therefore,
guidance is sometimes, taken from precedents as far as registration of
documents is concerned.
0 comments:
Post a Comment