Parent Co [ parents of LLP partners] is executing Leave & Lease agreement with LLP [ actually sons represent this] for a period of 10 years. My understanding :-
Upto 11months, no stamp duty & registration
But here, only notarized on Rs.100 stamp paper. No registration.. No stamp duty.
Is it legally tenable ?
More so..Lessor has a trade licence but lessee is utilizing same facility without any proper licence .
The above lease agreement is required to renew e-seal container with RFID chip.