Go Back  British Expats > Living & Moving Abroad > Far East and Asia > India > Goa
Reload this Page >

Repatriation of money

Wikiposts

Repatriation of money

Thread Tools
 
Old May 17th 2011 | 8:56 pm
  #31  
Just Joined
 
Joined: May 2011
Posts: 5
Borgno9 is an unknown quantity at this point
Default Re: Repatriation of money

Originally Posted by Borgno9
I have an agreement for sale.

The Advocate is quoting 15,000 for preparing the transfer doc and 25,000 for preparing the sale deed. I have written back to him saying that the fees are excessive and asking for another quote, otherwise I will go elsewhere. The developer is charging me 250 per sq fee for the resale.

The developer is charging the buyer 6,000 for legal fees, although he will also have to pay 2% stamp duty and 2% registration. I have advised the buyer of these charges and he says that he can recommend his Advocate who would charge less, but he is happy to pay the fees if I decide to continue with the same representation.
Hi all, sorry, I need to clarify: the Advocate is charging me 15,000 for the transfer doc and the Buyer 25,000 for the sale deeds. My problem with this is that it is a lot of money for effectively filling in a template form. Also, I am not sure they fully understand what is required as although I have forwarded to them the developer's requirements for a transfer doc, they are saying that they will need to prepare a deed of cancellation - the developer says they will not allow this.

Once the transfer has been effected, the Buyer then needs to take the transfer doc to the developer who will charge him 6,000 to register him as the new owner. The Buyer will also have to pay stamp duty and registration fees to get the full sale deed.

If I cannot find another Advocate to do it cheaper, then the Buyer is happy to pay this current one's charges.

I hope that makes sense.
 
Old May 17th 2011 | 9:21 pm
  #32  
Banned
 
Joined: Oct 2008
Posts: 2,478
johnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond repute
Default Re: Repatriation of money

Certainly does!

Now take up Dreadsoc's kind offer of help sort the wheat from the thieving b@st@rds, to paraphrase somewhat.......
 
Old May 18th 2011 | 2:24 am
  #33  
a_f_d's Avatar
BE Forum Addict
 
Joined: May 2007
Posts: 2,941
a_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to behold
Default Re: Repatriation of money

Originally Posted by babu1
The buyer pays his advocate to prepare the Sale Deed, not you.
That does seem to be usual although in the UK the seller's solicitor would draw up the Contract of Sale.
To sell on Sales Agreement the 'transfer' document is a Deed of Assignment'.

AndyD 8-)#
 
Old May 21st 2011 | 4:24 am
  #34  
noni's Avatar
 
Joined: May 2007
Posts: 8,227
From: Noni the Indian Goan Beach Mulberry
noni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond repute
Default Re: Repatriation of money

Originally Posted by a_f_d
That does seem to be usual although in the UK the seller's solicitor would draw up the Contract of Sale.
To sell on Sales Agreement the 'transfer' document is a Deed of Assignment'.

AndyD 8-)#
Oh! dear what to do!! To-day we have had three offers for our property in Goa!! - where are we going to find a property to rent at such a high standard as we are used to. I know, I know, you all will be shouting at me to sell, but I love my apartment.
 
Old May 21st 2011 | 4:41 am
  #35  
Banned
 
Joined: Oct 2008
Posts: 2,478
johnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond reputejohnny five has a reputation beyond repute
Default Re: Repatriation of money

Originally Posted by noni
Oh! dear what to do!! To-day we have had three offers for our property in Goa!! - where are we going to find a property to rent at such a high standard as we are used to. I know, I know, you all will be shouting at me to sell, but I love my apartment.
Think of all that stress removed from your life and your future good health.......


.
 
Old May 21st 2011 | 4:53 am
  #36  
noni's Avatar
 
Joined: May 2007
Posts: 8,227
From: Noni the Indian Goan Beach Mulberry
noni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond repute
Default Re: Repatriation of money

Originally Posted by johnny five
Think of all that stress removed from your life and your future good health.......


.
Think if I do you won't have anywhere to visit Really don't want to can, ride the stress of the authories and the neighbours. Just had another text from them -
 
Old May 21st 2011 | 8:42 pm
  #37  
hemingway's Avatar
I love apathy!
 
Joined: Feb 2008
Posts: 1,248
hemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud of
Default Re: Repatriation of money

Originally Posted by noni
Oh! dear what to do!! To-day we have had three offers for our property in Goa!! - where are we going to find a property to rent at such a high standard as we are used to. I know, I know, you all will be shouting at me to sell, but I love my apartment.
How long has this debacle been going on for?

How long since any Brits heard anything from the D of E?

How long is the list of Brits who bought one apartment or one house who have actually had their property confiscated OR received notification of confiscation?

Regards

H.
 
Old May 21st 2011 | 9:27 pm
  #38  
a_f_d's Avatar
BE Forum Addict
 
Joined: May 2007
Posts: 2,941
a_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to beholda_f_d is a splendid one to behold
Default Re: Repatriation of money

Originally Posted by hemingway
How long has this debacle been going on for?
Since 2006/7
How long since any Brits heard anything from the D of E?
At the last (last but one?) meeting with BHCI there was a lady who had just received a confiscation notice, otoh BHCI reported that i) people who had not received a DofE notice were very unlikely to get one and ii) that Anupam Kishore was moving to pastures new (make your own mind up whether these things are connected).

How long is the list of Brits who bought one apartment or one house who have actually had their property confiscated OR received notification of confiscation?
I have only heard of three or four, there are four or five levels of appeal available and I haven't heard of any that have got as far as the High Court yet

Regards

H.
I can understand the temptation to sell if you are on a Sales agreement (no Deeds) - for me the BIG question is what is going to happen about visas for people with property/business.

AndyD 8-)#
 
Old May 24th 2011 | 5:43 am
  #39  
hemingway's Avatar
I love apathy!
 
Joined: Feb 2008
Posts: 1,248
hemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud ofhemingway has much to be proud of
Default Re: Repatriation of money

Originally Posted by a_f_d
that Anupam Kishore was moving to pastures new (make your own mind up whether these things are connected).

I can understand the temptation to sell if you are on a Sales agreement (no Deeds) - for me the BIG question is what is going to happen about visas for people with property/business.

AndyD 8-)#
And as Veritas1 posted on the 'today's newspaper thread, Anupam Kishore has won himself a Fullbright Scholarship which appears to allow non-U.S. citizens to go to the U.S. to study.

It will be interesting to see what happens for those who own a property in their own name with regard to visas - specifically whether X-visas are issued in future.

Presumably those with a limited company & either deeds for the property in the limited company name OR with a sale agreement for the property in the limited company name will continue to have an annual board meeting (in India) as well as submitting annual accounts & returns, therefore they will need to continue applying for & paying for a business visa for either 6 months, 1 year or 2 years - the Ministry of Home Affairs indicates that a 5 year business visa should be available but VFS Global will have none of it.

Regards

H.
 
Old Jul 31st 2011 | 5:32 am
  #40  
Just Joined
 
Joined: Dec 2009
Posts: 2
goagirl is an unknown quantity at this point
Red face Re: Repatriation of money

Originally Posted by iain492001
Hi Marky 94 - I'll send you a PM
Hi. Sorry to sound so thick but can you tell me what PM is.
 
Old Jul 31st 2011 | 6:11 am
  #41  
noni's Avatar
 
Joined: May 2007
Posts: 8,227
From: Noni the Indian Goan Beach Mulberry
noni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond repute
Default Re: Repatriation of money

Originally Posted by goagirl
Hi. Sorry to sound so thick but can you tell me what PM is.
Private mail to a member.
 
Old Jul 31st 2011 | 6:24 am
  #42  
Just Joined
 
Joined: Dec 2009
Posts: 2
goagirl is an unknown quantity at this point
Smile Re: Repatriation of money

Many thanks. I`m rather new to all this and as soon as it`s explained it is perfectly obvious.
 
Old Jul 31st 2011 | 7:24 am
  #43  
dreadsoc's Avatar
 
Joined: Sep 2009
Posts: 4,680
dreadsoc has a reputation beyond reputedreadsoc has a reputation beyond reputedreadsoc has a reputation beyond reputedreadsoc has a reputation beyond reputedreadsoc has a reputation beyond reputedreadsoc has a reputation beyond reputedreadsoc has a reputation beyond reputedreadsoc has a reputation beyond reputedreadsoc has a reputation beyond reputedreadsoc has a reputation beyond reputedreadsoc has a reputation beyond repute
Default Re: Repatriation of money

Originally Posted by goagirl
Many thanks. I`m rather new to all this and as soon as it`s explained it is perfectly obvious.
Welcome Goagirl.

You will soon get the hang of it all

Dread - x
 
Old Jul 31st 2011 | 7:46 am
  #44  
noni's Avatar
 
Joined: May 2007
Posts: 8,227
From: Noni the Indian Goan Beach Mulberry
noni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond reputenoni has a reputation beyond repute
Default Re: Repatriation of money

Originally Posted by goagirl
Hi. Sorry to sound so thick but can you tell me what PM is.
Sorry Goagirl, did not see you were a new member, - welcome to BE.
 
Old Aug 11th 2011 | 12:33 am
  #45  
Just Joined
 
Joined: Aug 2011
Posts: 6
Linda123 is an unknown quantity at this point
Default Re: Repatriation of money

Originally Posted by iain492001
Hi Marky 94 - I'll send you a PM
Hi there

I would also appreciate some advice on this. I am a new member so I can't PM anyone yet so this is my 1st posting of 3
 


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices

Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.