Section 113 TPA Explained: Effect of contract to transfer for consideration a share in land held by a company | Nyaya

Statutory Content

What does Section 113 of TPA say?

Where a contract is made with a person competent to transfer for consideration a share in land held by a company, such contract does not operate to create any estate or interest in the land, but it may operate as a contract to convey any right or interest in or over such land which the party contracting to sell is competent to dispose of, and the other party thereto is either a purchaser or a transferee of such right or interest.

Indian StandardSection 113, Transfer of Property Act, 1882

Bluebook (21st ed.)Transfer of Property Act, 1882, § 113 (India)

Court Pleading StandardSection 113 of the Transfer of Property Act, 1882

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 113 TPA

What is Section 113 of TPA?

Section 113 of the Transfer of Property Act, 1882 (TPA) defines and regulates "Effect of contract to transfer for consideration a share in land held by a company". The section states: Where a contract is made with a person competent to transfer for consideration a share in land held by a company, such contract does not operate to create any estate or interest in...

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