We have two group companies say Company A & Company B. We are executing a letter and not a leave and license agreement whereby company A agrees to give on lease its certain premises to Company B on the following terms:
1. Security Deposit: Rs. _________
2. Monthly Rent: Rs. _________
3. Period of Lease: 11 months
My query is whether the above transaction is valid. Whether the above arrangement can be executed without preparing a leave and license agreement and without payment of stamp duty.
Thanks & Regards,