Guardians and Wards Act,1890
29. Limitation of powers of guardian of property appointed
or declared by the court
Where a person other than a Collector, or than a guardian
appointed by will or other instrument, has been appointed or declared by the
court to be guardian of the property of a ward, he shall not without the
previous permission of the court, -
(a) mortgage or charge, or transfer by sale, gift, exchange or
otherwise, any part of the immovable property of his ward, or
(b) lease any part of that property for a term exceeding five
years or for any term extending more than one year beyond the date on which the
ward will cease to be a minor.