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India Form No. 3848 1999-2024 free printable template

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7 When the policy is to be assigned by way of security or mortgage only and not absolutely it is advisable to consult a legal advisor as to form of assignment to be used amount of stamp duty etc. Form No. 3848 p.i. FORM OF ASSIGNMENT OF POLICY FOR VALUABLE CONSIDERATION Absolute Assignment Note THIS FORM SHOULD NOT BE FILLED IN. The wording of the form if found suitable should be copied out either on the back of policy itself or in the alternative on a proper stamp paper of the requisite...

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How to fill out lic reassignment form


How to fill out lic reassignment form no:

Make sure to read the instructions on the form carefully before starting.
Fill out the personal information section accurately, including your name, address, and contact information.
Provide the necessary details about the LIC policy being reassigned, such as the policy number and the policyholder's information.
Indicate the reason for the reassignment in the appropriate section of the form.
If applicable, provide the details of the new policyholder, including their name, address, and contact information.
Sign and date the form before submitting it.

Who needs lic reassignment form no:

Individuals who want to transfer the ownership of their LIC policy to someone else.
Policyholders who wish to change the nominee for their LIC policy.
Those who want to assign their LIC policy as collateral for a loan or as part of a legal agreement.

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A license reassignment form is a document that is required to transfer ownership of a license from one person or entity to another. The form typically contains information such as the transferor's name, address, and contact information, the transferee's name and address, and the type and number of the license being transferred. Depending on the type of license, additional information may be required.
The owner of the original license being reassigned is required to file the License Reassignment Form No. 158.
1. Fill out the form with your full name, address, and contact information. 2. Specify the reason for the reassignment. For example, if you are giving the license to another person, list the name, address, and contact information of the recipient. 3. Provide a signature and date of signing. 4. Submit the form to the appropriate licensing agency for processing.
The Lic Reassignment Form No. is used to reassign a license from one person to another. This form is typically used when a license needs to be transferred due to a change in ownership of a business or to transfer a license from one person to another. It is also used to update the name of the licensee if they have legally changed their name.
The Lic Reassignment Form No requires the following information to be reported: • The name of the current and new owner • The date of the reassignment • The vehicle identification number (VIN) • The license plate number • The make, model, and year of the vehicle • The address of the current and new owner • The signatures of both the current and new owner.
The deadline to file LIC Reassignment Form No. is not yet determined for 2023. The exact deadline will likely be announced closer to the filing period.
The penalty for late filing of a LIC reassignment form may vary depending on the jurisdiction. In some jurisdictions, there may be no penalty or a minimal fee, while in other jurisdictions, the penalty may include a fine, suspension of the license, or both.
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