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How to Remove Hypothecation from RC | Step by Step in Hindi
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How to Remove Hypothecation from RC | Step by Step in Hindi
Download Form 35 : goo.gl/BpVLEQ (Application Form)
Download Form 60 : goo.gl/Lau6FW (If don't have pan card)
HP termination refers to an application for making an entry of termination of agreement of hire purchase, lease or hypothecation agreement in the certificate of hypothecation.
#Hypothecation :
#Guidelines :- 1. Apply for making an entry of hire-purchase, lease or hypothecation agreement in the certificate of registration of a motor vehicle in Form 35, duly signed by the registered owner of the vehicle and the financier
2.Confirm whether it is the case of termination due to failure to make repayment to financier
3.If all dues are cleared then provide certificate of due clearance from financier
4.Pay appropriate fee as specified in rule 81 of the Central Motor Vehicle Rules 1989
5. If the termination is due to failure of repayment the financier, then RC should be issued in the name of financier
#Documents required
1.Application in Form 35
2.Certificate of registration
3.Allotment letter of the vehicle
4.Valid insurance certificate
5.Proof of address*
6.Pollution under control certificate*
7.R.C. Book*
8.Attested cop of PAN card or Form 60 and Form 61 (as applicable) *
9.No Objection Certificate from financier*
10.Chassis & Engine Pencil Print*
11.Signature Identification of owner*
Documents marked with asterisk (*) may be required in some states.
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