Rule against perpetuity : Section 14 Transfer of Property Act II

Rule against perpetuity : Section 14 Transfer of Property Act II #section14transferofpropertyact1882

Condition Restraining Alienation (Section 10)
   • Section 10 TPA : Condition restrainin...  

Restriction Repugnant to Interest Created (Sec. 11)
   • Section 11- Transfer of property Act ...  

Condition Making Interest Determinable on Insolvency or Attempted alienation (Sec. 12)
   • Section 12 of Transfer of Property Ac...  

Transfer for benefit of unborn person (Sec. 13)
   • Transfer for benefit of unborn person...  

This Video covers the topic -
According to Section 14
”No transfer of property can operate to create an interest which is to take effect after the life-time of one or more persons living at the date of such transfer, and the minority of some person who shall be in existence at the expiration of that period, and to whom, if he attains full age, the interest created is to belong.”

Perpetuity – forever / Indefinite period /
generation to generation
Transferor can not transfer the property for forever through same transection.
Transferor can't tied up the property.

Perpetuity may arise in two ways –
I) By taking away the power of alienation from transferee (condition has been made void under S.10)
II) By creating future remote interest ( prohibited under S.14 )

Objective-
The object of section 14 is to see that the property is not tied- up and to prevent creation of perpetuity.

 Ensure free and active circulation of property both for trade and commerce as well as for the betterment of the property. 

 To retain their property in their own families from generations to generations would be a loss to the society because it will be deprived of any benefit arising out of that property. Free and frequent circulation is important and the policy of the law is to prevent the creation of such perpetuity.

Exceptions
Sec. 18 of TPA provide exceptions where the rule against perpetuity does not apply -

For the benefit of public
 In advancement of Religion, Knowledge, Commerce, Health, Safety, or Any other object beneficial to mankind.
Personal Agreements
Charge creation
Mortgages
Lease

Rule against remoteness of vesting interest
Generally, there is no specific time limit or specified no. of years to decide what would amount to perpetuity. But Section 14 provides with it.  Under Section 14 it is:
  A lifetime of one or more living persons
Generally the title of property vest in unborn person immediately after his birth but Sec. 20 states that transferor can postpone it and the maximum time period according to sec. 14 is upto the attainment of age of majority.
--------------------------------------------------------------------------------------------------
#rule against perpetuity, #section 14 of transfer of property act, #transfer of property act, #rule against perpetuity in transfer of property act, #essential elements of section 14 of tpa, # section 14 tpa, #section 14 of tp act, #section 14 of tpa act, #section 14 of tpa notes, # sec 14 of transfer of property act
----------------------------------------------------------------------------------------
For more videos Click on the link-
Oral Transfer of Property (Sec. 9)
   • Section 9 - Oral Transfer of Property...  

Operation of Transfer (Sec. 8)
   • Section 8 of transfer of Property Act...  

Person Competent to Transfer (Sec.7)
   • Section 7 of Transfer of Property Act...  

Transfer of property act 1882
   • Transfer of property act 1882 , संपत्...  

Movable and Immovable Property
   • Movable and Immovable Property : Tran...  

Instrument and attestation
   • Instrument Attestation of property : ...  

Actionable Claim
   • Actionable Claim : Transfer of Proper...  

Notice - Actual Notice I Constructive Notice
   • Notice I Transfer of property act, 18...  

Essentials of Transfer of Property
   • Transfer of Property Defined II Essen...  


Crime and Elements of Crime
   • Crime and Fundamental Elements of Cri...  

Stages of Crime
   • STAGES OF CRIME (INDIAN PENAL CODE 18...  

What may be transferred
   • Section 6 of Transfer of Property Act...  

General Exceptions (Part 1)
   • General Defences IPC II Sections 76-8...  

General Exceptions (Part 2)
   • General Defences II Sections 81-86 , ...  

General Exceptions (Part 3)
   • General Defences II Section 87-91, 95...  
----------------------------------------------------------------------------------------------
E-mail [email protected]
Feel free free to contact for any query or notes.

Plz like and share the Video and SUBSCRIBE the Channel.

Thanks & Regards
Adv. Rahul Chauhan.