Business transfer agreement

VIJAY K. TEOTIA (Querist) 28 November 2011 This query is : Resolved
Is a business transfer agreement (with a overseas company) is compulsory registrable. if yes what duty is applicable.

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Sailesh Kumar Shah (Expert) 28 November 2011
State full facts.

ajay sethi (Expert) 28 November 2011
enegage a lawyer . you cna fford to pay legal fees.

M.Sheik Mohammed Ali (Expert) 28 November 2011
yes, i do agree

Rajeev Kumar (Expert) 28 November 2011
Do as advised by experts

M/s. Y-not legal services (Expert) 28 November 2011
what a query posting by you sir.. please come here with full details..

VIJAY K. TEOTIA (Querist) 28 November 2011
Thanks to all experts. however this query was posted just to verify my knowledge. I will answer about this query. the instant agreement is registrable if the same is related to immovable property. party is from overseas or domestic does not make any difference. further stamp duty shall be as per state act provisions. if any further query arises you are welcome to post regarding business law.

M V Gupta (Expert) 29 November 2011
So you wanted to see whether experts can answer the question or not!

VIJAY K. TEOTIA (Querist) 29 November 2011
No sir, I wanted an opinion on the issue to supplement my view on the subject.

M V Gupta (Expert) 01 December 2011
The answer provided by you is OK. Sec 17 of the Registration Act may be seen on the question as to which documenrts are required to be compulsorily registered. So far as stamping of a documents, the local Stamp Act should be referred to.

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