An endorsement is executed if there are changes in the form of additions and deletions of terms. It must be registered and binding on all. In the absence of such a provision, there are uncertainties as to the validity and application of such unregistered ATS, which are now legally required to be forcibly registered. Parliament must respond to the aforementioned ambiguity with an appropriate amendment to the law. Alternatively, the national governments concerned could address the issue in the internal regulation. In the absence of a law, developers are well within their rights to defend themselves if, on the basis of an unregistered ATS, that the content of such an ATS cannot be read for the purposes of evidence, according to Section 49 of the Registration Act. Strictly speaking, Section 49 refers only to the non-registration of documents that are required to be registered mandatorly, either under Section 17 of the Registration Act or TPA. Section 13 of the Act is not explicitly in Section 49. However, it is doubtful that the purpose behind the forced registration of a document is to impose a consequence for its non-registration, and that, in this context, the consequence of non-registration under section 13 of the Act are those of Section 49 of the Registration Act. Therefore, developers, when faced with an infringement by the Allottees, can rule that Allottees cannot rely on such a document (UNregistered ATS) and request the application of the article because of the lack of registration. In the absence of a provision of the law, it may be difficult to rebut such a legal defence.
3.No in the new agreements the deadlines can be maintained as in the old agreement, then there will be no problem of cause. There are several reasons for the violation of the endorsement. Whether there is a dispute between the partners or a partner has breached some of the terms of the contract, other partners can comply with legal action against the other partner. There may also be reasons to terminate the contract. As an LLP contract is legal, it is recommended to hire services from a professional lawyer for the best results. A qualified lawyer will help you understand the specific terms of the agreement while you comply. 1. Endorsements are generally not registered, but endorsements are taken when there are changes like what you mentioned. In the absence of contrary legislation, an ATS has not been registered in accordance with industry practice with respect to real estate exported both between individuals and between developers and Allottees. As the law did not provide for registration, ATS was also not exposed to the consequences of section 49 of the Registration Act. Therefore, the courts and especially consumers for has, used to make these unregistered ATS effective.
There is no savings/deeming system under the law that takes into account the fate of unregistered ATS exported before May 1, 2017.