Common Contracts
1 similar Business Transfer Agreement contracts
Business transfer agreement pdfBusiness Transfer Agreement • July 5th, 2021
Similarly, Article 5, Point g) of the Act imposes stamp duty due for an agreement to sell personal property. If the possession of personal property is delivered or agreed without the execution of a deed of transport, the stamp duty provided for by this agreement is 3% (3%) the counterparty or market value of the property, depending on the higher value. In the event that ownership of the property is not delivered, liability for the stamp is limited to 20,000 INR. In addition to these provisions, a residual clause in Section 5, point d) of the KS Act provides that any agreement that is not expressly provided for in Article 5 is duly stamped in INR for two cents. Therefore, stamp duty due to a BTA in force in the State of Karnataka depends on the structure of the BTA, whether the transport activity is carried out by the parties with respect to the personal property belonging to the company and that a company purportedly transferred under a BTA can be equated with mobile or mobile real est
