U.P.stamp duty
parikshit rajvaidya
(Querist) 09 August 2008
This query is : Resolved
Dear sir
We a private limited company have purchased a property having plant in the state of UP through registered sale deed. The property includes Land and machinery.
That means the land is being used for industrial purpose.
Thereafter our company has been merged under scheme of amalgamation and merger with another company and Hon'ble HC approved the said scheme.
Now the matter is thate in the state of
UP how such land can be mutated in the name of company in which our comapny got merged.
Actually we have got impression that under UPLR Act no industrial land can be mutated.
Kindly how the property can be mutated.Pls give your valuable suggestions.
Guest
(Expert) 13 August 2008
The Local Authority like the Village Panchayath, Municipality and Corporation deal with the maintenance of property documents for levying local tax. It is those authorities who will issue the mutation certificate and change name in the local fiscal registers. You can approach the concerned jurisdiction office for the purpose.
In Karntaka, the Court order and Resolutions of the Merged entity is sufficient for change of Name by mutation. Industrial lands are also under the Local authorities.
