wether the Mou is the Proper Document?

Laxmi D Mate (Querist) 14 August 2008 This query is : Resolved
i m working for the consruction company.one person wanted to invest a crores of rupees in the said constrction company.Company Accepting his Money as an Advance Against Booking.They are Planning to give Him 18%intrest On the Same.The booked flat Afterword Wiill Be sold by The Company .The Said Advance aginst booking Plus Profit Wii Be return to him on 31st of march 2009.My querry is what kind of document i should make for the said purpose.whether MOu will Be Proper Document.Whether It should be Registered?if yes What Should be the stamp duty.And Documents to be Attached/

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Guest (Expert) 14 August 2008
A simple Contract of lending or investment in the building for profit should be fine.

Once again the terms or understanding of the parties is most important and that will determine whether MOU or assignment or some thing like that. Registration may be very costly and hence unregistered can useful.

Srinivas.B.S.S.T (Expert) 14 August 2008
Dont forget to include Arbitration clause in the MOU.

K.C.Suresh (Expert) 16 August 2008
Always prefer an enforceable contract.

Manish Singh (Expert) 16 August 2008
pLEASE RECONSIDER THE WAY OF INVESTMENT.

ANAND SUMAN (Expert) 20 August 2008
Dear Sir/Madam,

An agreement or MOU can serve the purpose. No need to register the same.

For futher assistance, feel free to contact:

ANAND SUMAN
Advocate, Consultant & Trade Mark Attorney
(Founder Director)
ANAND LEGAL SOLUTION
E-42 B, Third Floor
Jawahar Park, Khanpur
New Delhi- 110062

E-mail: anandlegalsolution@hotmail.com
advocateanandsuman@gmail.com

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