Business transfer agreement

This query is : Resolved 
 

(Querist)
27 April 2012

A company wants to acquire other company including all their assets and lliabilities. Assets include fixed and movable assets, land, building etc.
Thus, can we include the transfer of assets/property in the business transfer agreement (BTA)?? OR whether a seperate deed is required for that transfer??
If BTA is enough, then how the court fee will be calculated?
Please advise me on this.


Devajyoti Barman (Expert)
Click to Talk
27 April 2012

The BTA is sufficient for covering the whole deal.
But to transfer the immoveable assets a registered deed of transfer is must otherwise the transfer would be incomplete.

Deepak Nair (Querist)
27 April 2012

Thank you Barman Sir,
Then, is it required to execute a conveyance deed along with the BTA??

adv. rajeev ( rajoo ) (Expert)
27 April 2012

yes regd., conveyance deed is necessary.

DR.VEDULA GOPINATH (Expert)
27 April 2012

HI LEARNED COLELAGUE

IT IS ESSENTIAL AND VERY VERY NECESSARY TO FOLLOW THE PROCEDURE LAID DOWN UNDER COMPANIES ACT W.R.T. TRASNFER OF FIXED ASSETS AMONG OTHERS

B.T.A. IS A SHORT CIRCUITED PROCEDURE. PLEASE FOLLOW THE PROCEDURE LAID DOWN UNDER COMPANIES ACT.

DR.VEDULA GOPINATH vgopinath2@yahoo.com 9848227926

Dhiren Akbari (Expert)
28 April 2012

Dear Mr. Nair,

ther may be other tax savvy options also for serving the same purpose instead of going BTA. need details to work out other options.

Dhiren Akbari drest2n@yahoo.co.in

Deepak Nair (Querist)
28 April 2012

Dear Learned friends,
Thanks a lot for your valuable comments.
I would seek more advice once my research on the same completes.



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