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By :
SARITA SHIVARAMAN
service
[ Scorecard : 43]
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ON : 5/7/2008 11:57:11 AM
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I want to know whether Stamp Duty and Registration charges are to be paid by the Licensor /Licensee on renewal of Leave and License Agreement for the property in mumbai, under which Act, please mention.It is urgent, for your advise.
Regards,
( Sarita Shivaraman)
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By :
yedhulaprakash
Lawyer
[ Scorecard : 6544]
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ON : 5/7/2008 12:17:36 PM
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Dear friend,
Normally the stamp duty is paid by the Licensee. The stamp act and the registration act would only prescribe the duty and fee payable. It would not specify as to who the payee is. This is purely contractual between the parties.
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By :
Sarita Shivaraman (Guest)
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ON : 5/7/2008 2:39:26 PM
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Mr. Prakash
My question is if the leave and License Agreement is expired, on renewal whether we need to go for payment of Stamp Duty and Registration again.
For your advise.
( Sarita Shivaraman )
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By :
SARITA SHIVARAMAN
service
[ Scorecard : 43]
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ON : 5/7/2008 4:24:57 PM
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On Renewal of Leave and License Agreement, whether we need to pay stamp duty and Registration charges. For your advise.
( Sarita Shivaraman )
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By :
Advocate K. H. Gandhi (Guest)
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ON : 5/8/2008 6:36:53 AM
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Every leave and license agreement requires registration under the Maharashtra Rent Control Act and it attracts stamp duty as per Article 36A of the Bombay Stamp Act, 1958
In Mumbai the Present trend is to share equally the stamp duty and registration charges by the Licensor and the Licensee.
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By :
rhishi
student
[ Scorecard : 26]
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ON : 5/8/2008 10:23:36 AM
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Dear Friend,
Registeration fee is payable by the licensee usually. under the Registeration Act OF 1908 and stamp duty under Bombay Stamp Act.
If it is agreed in the agreement between the Licensor and Licensee then it has to be payed as per the agreed terms in the agreement.
Regard,
Rhishi.
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By :
Manish Singh
Advocate
[ Scorecard : 2773]
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ON : 5/8/2008 11:02:26 AM
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as bombay rent control act, if the stamp duty is not paid, the licensor would be held liable for the same.
On renewal, we need to pay the stamp duty and reg. chargges again.
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By :
Sarita Shivaraman (Guest)
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ON : 5/8/2008 2:59:12 PM
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I also want to know if we renew the Leave and License Agreement on the same terms, whether the agreement can be incoporated on Rs.200/- stamp paper and get it signed by the Licensor and the Licensee. Is it valid.
( Sarita Shivaraman )
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By :
J K Agrawal
Advocates
[ Scorecard : 350]
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ON : 5/10/2008 12:27:31 PM
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Sir
Who will pay the stamp duty can be agreed upon by the parties but in case there is no such agreement , the duty (in your case) is payable by the person drawing, making, executing the insrtument. It is regulated by Section 29 of the Indian Stamp Act, 1899 . It is matter of State List so provisions in Your State may be diferent but I may assume that this provision is same all over India.
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