If the intention is to carry out a real estate transaction by modifying the formation of an existing business, this agreement will be able to resolve all the contingencies necessary for the concept. Both the seller and the purchaser may not disclose, communicate, use or otherwise abuse the confidential information that the Seller has discovered as a result of the supply, execution or execution of this contract by the seller or buyer to the seller or buyer. On the reference date, the seller will pass on to the buyer a decision of the board of directors to authenticate the transaction and will cede to the buyer the entire property and control of the seller [company name]. The business transfer contract is legally binding if it is printed on an electronic stamp or stamp paper, signed and dated by both the seller and the buyer. The value of the buffer paper depends on the state in which it is executed. Each state of India has provisions on the amount of stamp duty payable on these agreements. Information on stamp duty can be found on the government`s websites. For example, the Karnataka State website provides stamp duty details on payment agreements, such as the Delhi site. The company is not guilty to a third party at the time of closing and the seller agrees to pay legitimate rights of the creditors against the [name company] of the [seller] within one year of the closing date. 14. If, for any reason, the bank refuses to accept the transfer of the transaction and the aforementioned assets to the company, this agreement is considered terminated. This consent is obtained by the seller prior to the registration of the company. 5.
The seller is handicapped by a shortage of money and knowing that the organizers have contacted the seller with a proposal that the organizers will create and register a private company with shares under the 1956 Corporations Act, and the company will resume the transaction in question of the seller with all the assets that are part of it, among the following conditions that the seller has accepted. 1. The organizers form and register a limited company under the 1956 Company Act and are the first subscribers to the Memorandum – Statutes of the Company. 13. Upon registration of the company, the aforementioned Board of Directors will accept this agreement in order to execute, for the company and the company as well as the organisers and the seller, the documents or documents necessary for the assumption by that company of the above mortgage debt.