Section 4 in The Transfer of Property Act, 1882
Title: Enactments relating to contracts to be taken as part of Contract Act and supplemental to the Registration Act.
The Chapters and sections of this Act which relate to contracts shall be taken as part of the Indian Contract Act, 1872 (9 of 1872):
1[And sections 54, paragraphs 2 and 3, 59, 107 and 123, shall be read as supplemental to the Indian Registration Act, 2[1908 (16 of 1908).]]
1. Added by Act 3 of 1885, s. 3.
2. Subs. by Act 20 of 1929, s. 5, for "1877".
Title: “Transfer of property” defined.
1In the following sections transfer of property means an act by .which a living person conveys property, in present or in future, to one or more other living persons, or to himself, 2[or it himself] and one or more other living persons; and "to transfer property" is to perform such act.
3[in this section "living person" includes a company or association or body of individuals, whether incorporated or not, but nothing herein contained shall affect any law for the time being in force relating to transfer of property to or by companies, associations or bodies of individuals.]
1. Nothing in Chapter II is to be deemed to affect any rule of Muhammandan law--see s. 2, supra
2. Ins. by Act 20 of 1929, s. 6.
3. Added by s. 6, ibid.
Title: What may be transferred.
Property of any kind may be transferred, except as otherwise provided by this Act or by any other law for the time being in force:
(a) The chance of an heir-apparent succeeding to an estate, the chance of a relation obtaining a legacy on the death of a kinsman, or any other mere possibility of a like nature, cannot be transferred.
(b) A mere right of re-entry for breach of a condition subsequent cannot be transferred to any one except the owner of the property affected thereby .
(c) An easement cannot be transferred apart from the dominant heritage.
(d) An interest in property restricted in its enjoyment to the owner personally cannot be transferred by him.
1[(dd) A right to future maintenance, in whatsoever manner arising, secured or determined, cannot be transferred.]
(e) A mere right to sue 2*** cannot be transferred.
(f) A public office cannot be transferred, nor can the salary of a public officer, whether before or after it has become payable.
(g) Stipends allowed to military, 3[naval], 4[air-force] and civil pensioners of 5[the Government] Government] and political pensions cannot be transferred.
(h) No transfer can be made (1) in so far as it opposed to the nature of the interest affected thereby, or] (2) 6[an unlawful object or consideration within the meaning of section 23 of the Indian Contract Act, 1872 (9 of 1872), or (3) to a person legally disqualified to be transferee.]
7[(i) Nothing in this section shall be deemed to authorise a tenant having an untransferable right of occupancy, the farmer of an estate in respect of which default has been made in paying revenue, or the lessee of an estate under the management of a court of Wards, to assign his interest as such tenant, farmer or lessee.]
1. Ins. by s. 7, ibid.
2. The words "for compensation for a fraud or for harm illegally caused" omitted by Act 2 of 1900, s. 3.
3. Ins. by Act 35 of 1934, s. 2 and the Schedule.
4. Ins. by Act 10 of 1927, s. 2 and the First Schedule.
5. The word "Government" successively adapted by the A.O. 1937 and the A.O. 1950 to read as above.
6. Subs. by Act 2 of 1900, s. 3, for "for an illegal purpose".
7. Added by Act 3 of 1885, s. 4.
Title: Persons competent to transfer.
Every person competent to contract and entitled to transferable property, or authorised to dispose of transferable property not his own, is competent to transfer such property either wholly or in part and either absolutely or conditionally, in the circumstances, to the extent and in the manner, allowed and prescribed by any law for the time being in force.
Title: Operation of transfer.
Unless a different intention is expressed or necessarily implied, a transfer of property passes forthwith to the transferee all the interest which the transferor is then capable of passing in the property, and in the legal incidents thereof.
Such incidents include, where the property is land, the easements annexed thereto, the rents and profits thereof accruing after the transfer, and all things attached to the earth;
and, where the property is machinery attached to the earth, the moveable parts thereof;
and, where the property is a house, the easements annexed thereto, the rent thereof accruing after the transfer, and the locks, keys, bars, doors, windows and all other things provided for permanent use therewith;
and, where the property is a debt or other actionable claim, the securities therefor (except where they are also for other debts or claims not transferred to the transferee), but not arrears of interest accrued before the transfer;
and, where the property is money or other property yielding income, the interest or income thereof accruing after the transfer takes effect.