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VM rules to allow nominee a smooth transfer of ownership | India News


NEW DELHI: In a move to make a smooth transfer of vehicle ownership to the identified family member or any other nominee on the bank account lines, the Ministry of Road Transportation has proposed to amend the Central Motor Vehicle Rules that allow the owner to put the name of the nominee when requesting registration. The name of the nominee can also be added later through an online application.
This will bring great relief to the owner’s family members, especially in the event of his death. The draft rule specifies that the owner must submit some proof of the candidate for verification.
Currently, in the event of the death of the registered owner, family members must transfer the property within three months and comply with procedures that often require frequent visits to different offices. “This is another step to improve the ease of life,” said an official from the Ministry of Transport.
The transfer of property in the event of the death of the registered owner will be made in the name of the nominee, who must inform the registration authority in the state of their residence or place of work through the portal to obtain a new registration certificate on their behalf. .
“This is a major reform and will end the inconvenience many face, particularly in cases where registered owners pass away,” said transportation expert Anil Chhikara.
In another measure, the ministry has proposed to facilitate the registration of two- and four-wheelers older than 50 years as “vintage vehicles.” Owners of such vehicles can obtain the first registration of such vehicles by paying Rs 20,000 for 10 years and the renewal fee would be Rs 5,000.

Times of India