Automobile Sellers Proforma

TO WHOMSOEVER IT MAY CONCERN

Certified that we namely Shri/ , s/o resident of ____________________________(seller) and Shri_____________________________________________________________son of
Shri________________________________________________ ___________resident
of________________________________________________ __________(buyer)
have entered into an agreement to sell the automobile (make,class and
model year)_______________bearing registration no.________________ , engine no.___________and chassis no._______________in a
mechanically fit, sound and satisfactory running condition to the
buyer. The automobile has been checked by a competent mechanic and the
buyer Shri________________________ is fully satisfied. No complaints
of any kind whatsoever as far as the automobile (make) _______________bearing
registration no. __________________ is concerned will be entertained
hereinafter by the seller.
The sale is being effected from this ______day of __________ during the
year_______ at _________A.M./P.M after which every action with the
automobile (make)________________registration no.
_______________________will solely be the liability and responsibility
of the buyer Shri_______________ who is also the new owner, hereinafter
the quoted date and time from when the sale is effected. The seller
Shri _____________________bears no liability and responsibility
hereinafter since the sale is fully effected.
The buyer Shri___________________________________undertakes to effect
the transfer of ownership viz. insurance, registration and taxation
certificates in his own name within a reasonable time period of time,
in any case not later than two weeks from the date of the sale.
The sale is being effected for a consideration of a sum of
Rupees_________ which the buyer has paid the seller by Cash/Cheque/
Demand Draft/Bankers cheque.


signed with name and address signed with name and address


(BUYER) (SELLER)

Dated
Witnesses
(1) Signature Name and Address_________________________
(2) Signature Name and Address_________________________
__________________

This is a proforma for all of us who may sell automobiles- Its very essential as there are cases when the new buyer does not transfer the vehicle in his or her name and in such cases all the liabilities rest with the old owner who was the seller.

yes i saw a case on another forum. thanks for posting this anjan.

MOD NOTE: Please refrain from using the forum names directly.

im_hummer_freak wrote:yes i saw a case on tbhp. thanks for posting this anjan.

You're welcome. :)

thanks anjan. this is great info.

good work anjan, my friend sold his car today and i was with him and i saw all this form filling thing live and i wanted to post it here but i found this already posted by you, anyways good work man

Thanks Raj.
Thefts , criminal acts including
involvement in accidents or acts of terrorism and everything else like
evasion of taxes and insurance will all be the responsibility of the
owner in whose name the vehicle is registered at the time of commitment
of such acts and hence we all need to take cognisance of this practice to get the papers properly signed and duly executed.

That's a great information. Many people(including me) doesn't know about it. In rural areas, the case is still worse. Thanks for bringing this to our attention.

Crazy cat wrote:That's a great information. Many people(including me) doesn't know about it. In rural areas, the case is still worse. Thanks for bringing this to our attention.

:agree: Even i didnt know about this.

Thanks napster, Crazy Cat and Akash- we must always be vigilant in these cases as the times have changed.

One doubt, does this thing be written in a bond paper?

Crazy cat wrote:One doubt, does this thing be written in a bond paper?

CC it can be done on stamp paper and then the sale can be registered by paying the requisite stamp duty as per the respective state laws. But for movable property thats not binding. For immovable property its very necessary to get the sale registered.
Here to be more safe with respect to movable property sale, it can be in the form of an affidavit on a stamp paper(value as per state laws and also may be enquired from notaries) duly signed by a notary. Its advisable to make two signed copies and hand over one to the buyer.This is for all practical purposes a valid , legal document.

Thanks. If possible, can you please put an original proforma here, for better understanding.

OK CC I'll soon try to post one.

good information anjan, useful and helpful, atleast gives you peace of mind after selling your vehicle so that in future you are not claimed for any illigal/accident scene.I always perform this before selling off my vehicles may it be two or four vehicle, this helps as your evidence.