Punit Gupta (Owner) 10 July 2022
If there is an agreement being entered into for transaction of returning the loan amount, what kind of registration will be required for such agreement, in Delhi.
Suppose A is receiving Rs.1 crore from B, where the amount was invested by Mr A in the joint business of A & B in form of a company, B who is paying A is willing to get the agreement registered, so as to avoid any future dispute in the transaction.
Views are welcome.
Shashi Dhara 10 July 2022
Draft it and register in Delhi SRO.
Advocate Bhartesh goyal (advocate) 10 July 2022
Yes , execute a loan agreement and get it registered in Sub Registrar Office.
kavksatyanarayana (subregistrar/supdt.(retired)) 10 July 2022
Yes. Get the draft scribe by an advocate who writes documents and or a Document Writer.
Dr J C Vashista (Advocate) 11 July 2022
Whether the amount is given as "loan" or "investment" in a "partnership" business as the facts posted are vague and confusing. ?
G.L.N. Prasad (Retired employee.) 11 July 2022
To my knowledge, the company should record the entry as a creditor in the Company's book and get it registered with the Registrar of companies if B wants a really bonafide precaution against the company and he can also take a personal guarantee from A in his personal capacity. This procedure is simple and less expensive and more secure.
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