Q: What is vested interest in transfer of property?

A:        According section 19 of the 'The Transfer of Property Act, 1882'

            Where, on a transfer of property an interest therein is created in favour of a person without specifying the time when it is to take effect, or in term specifying that it is to take effect forthwith or on the happening of an event which must happen, such interest is vested, unless a contrary intension appears from the terms of the transfer.

This FAQ is prepared by Sadia Saman Advocate