ASSIGNMENT OF BOOKING RIGHTS
Assignment date: __________
- 1. EXISTING BOOKING
- 2. ASSIGNMENT
Where the law requires the Transferee to deduct tax at source from the assignment consideration, the Transferee deducts it, deposits it within the time allowed and gives the Transferor the certificate; tax properly deducted and deposited counts as payment of that much of the consideration.
- 3. PROMOTER APPROVAL
- 4. FAILURE OF TRANSFER
- 5. REPRESENTATIONS AND POSSESSION
Booking-right representation: __________.
This assignment transfers only the contractual/allotment rights that are legally and contractually capable of transfer. It does not itself operate as the final conveyance of the completed immovable property.
- 6. EXECUTION
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to document and administer the proposed assignment of booking or allotment rights, communicate about that purpose, verify expressly supplied transaction information, and retain an evidentiary record.
If the proposed transfer does not proceed, the personal data will be retained for 90 days from that decision and then erased. If it proceeds, the record will be retained for the transaction plus 12 months, except for a record that a statute requires to be kept for a longer named period.
Data minimisation: this document deliberately does not require a full Aadhaar number, Aadhaar-card copy, passwords or bank credentials. Identity, PAN and lender information should be collected only where the stated transfer, tax or KYC purpose actually requires it.