The acquisition of the business/ownership of an Indian company can be done by buying shares or by buying all or part of the assets. From a tax perspective, long-term capital gains from a sale of shares through recognized stock exchanges in India are exempt from tax, provided that the Securities Transaction Tax (STT) is paid. All other gains from the sale of assets are taxable. In addition, stamp duty and registration fees are payable under the transfer instrument. This contractual deed for the property is ————— performed on this —————- between————— – hereinafter referred to as Party No. 1. AND Sh———————, hereinafter referred to as Part No. 2. Party Expression No. 1 and 2, wherever they occur in the body of this Agreement, refers to and includes their respective heirs, legal representatives, successors, administrators, executors and assigns. While Party No. 1 is the bona fide owner of —————— – with the property rights of the land under the said apartment.
And although in fact the No. 1 part in exchange for the consideration of Rs.—————- sell the aforementioned apartment for a sum of Rs.—————————— – and the No. 2 party agreed to buy said apartment from part No. 1. Fixed assets include real estate of any kind or securities held by an IFI that has invested in such securities in accordance with the provisions of the Securities and Exchange Board of India Act 1992 (15 of 1992). Laws relating to the registration of real estate transactions in India. Terms of payment: It is up to the buyer and seller to agree on the price of the property and all other costs incurred for the transfer of ownership. This must be included and must be agreed upon by both the buyer and the seller. Although the seller discloses all information about the property as well as its title, the buyer must take care and verify the seller`s title.
It is important to mention in the purchase contract that the seller pays all accrued fees in connection with the property before the registration date. Therefore, we can say that the provisions of the RERA Law of 2016 prevail over the Registration Law of 2016 only with regard to the contract of sale. ■ Lawyer: Lawyers in relation to real estate transactions typically include lawyers from both/all parties who would be responsible for performing legal due diligence, preparation, review and negotiation of transaction documents in relation to the property. The deed of sale is the most important legal document by which a seller transfers his right of ownership to the buyer, who then acquires absolute ownership of the property. In addition, under existing exchange standards, no person residing outside india can buy real estate in India unless authorized to do so. Non-residents can be divided into three categories to determine their eligibility to purchase real estate in India: ■ Development rights: Development rights are unused rights that allow developers to make changes to their property within the limits imposed by national or local laws. A special type of development right is the transferable development right, which can compensate owners for not being allowed to develop certain properties due to legal restrictions. Another type of land acquisition is the conclusion of joint development agreements with land owners for the joint development of real estate projects. These are contractual rights. ■ The title deed must be properly checked. Usually, a mortgage/fee is the most common form of security on real estate that prompts a real estate lender to want to protect itself in the event of default by the borrower.
However, apart from the mortgage/fees, other methods of protection are: 2. In the case of physical real estate with a value of less than Rs.100, a transfer can be made either by a registered instrument or by the delivery of the property. There are several inclusions or so-called clauses in the purchase contract. It will describe the property, include the contact details of the seller and the buyer, the negotiated price will be mentioned and also how this payment will be paid. The payment period will be included. There will also be a provision for the payment of stamp duty and for the invoice of the title deed. 11.3 What would be the typical provisions for the rental of residential properties in your jurisdiction with respect to: (a) the duration of the term; (b) rent increases/controls; (c)the tenant`s right to remain on the premises at the end of the period; and (d) the tenant`s contribution/obligation to the “cost” of the property, e.B. insurance and repair? ■ Indian Easement Act, 1882: This Act regulates the Real Property Easement Rights Act. A sale agreement is an agreement to sell a property in the future. This Agreement lays down the conditions under which the goods in question shall be transferred. .