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Ruchie (Company Secretary)     13 December 2010

Business Transfer Agreement

Dear All,

Can a business transfer agreement be executed without any consideration?? If there is a reference given to an earlier MOU entered into by the parties.

Kindly help me with the implications of the above transaction. Would the agreement be valid contract?? and what would be the tax  and stamp duty implications??

Also, kindly help me on what would be the outcome if the above transaction is between a public ltd. (unlisted) company and an individual.

Pl. Help!!

Thanks & Regards,

Ruchie

 

 

 



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