2.1 It is very important to note that stamp duty is on an instrument and not on a transaction. Before venturing into the development of agreements, there are some minor differences between a founder`s contract and a shareholder contract. Although these two agreements primarily govern the relationship between the parties (in this case, you and your co-founder), it is essentially the stage where you wish to participate in the agreement that decides the most appropriate agreement. If you are in the early stages of your business and you have not registered as a company, a business creation agreement is recommended, as such an agreement can regulate a large number of aspects, including how responsibilities are deployed between the two co-founders, which is essential because it greatly reduces any extent of misunderstanding between the two co-founders. A founding agreement therefore covers the entire agreement between the co-founders and crystallizes them in the form of a binding written document for both parties. On the other hand, a shareholder contract is a little more technical and usually occurs after the creation of a company in which the co-founders are shareholders. Different aspects of the shareholders` pact can be akin to a business creation contract. Apart from the Charter documents (MoA and AoA), the content of one of the agreements would be mainly fueled by discussions between you and your co-founder. You can contact me for additional entries. 3.In, it must impose a fine of 2% p.m (no more than 200% of the deficit) of the amount of the differentiated tariff or part of it if these persons have not been sanctioned. Turnover brands are often used by all sectors of society, especially with the payment of money.
Name: Re. 1.00 Use: receipt of payment in accordance with Article 5, point h), on adhesive pads or stamp paper. If this is not the case, at the time of possession or in accordance with Article 25 (d) of Calendar I of the Bombay Stamp Act, 1958 at the time of transport. If the transfer or sale agreement was executed prior to 12.10.1985, the section 5, point h tax (stamp duty) of the Bombay Stamp Act was applicable, 1958 was not treated as a section and the tax assortment provision was not applicable on that date. It should be noted, however, that once you continue the assistance, you can pay the full tax (stamp duty) on this (current) market price of your property, as set out in the rules. Before the 04-08-1980, it was on the agreement value. After the 4.08.1980, it was by market value (to be decided). Before and until 10.12.1985, it was optional. After 10.12.85, it was in line with market value or Ready Reckoner.
Q27. What are the consequences of non-payment of stamp duty? Where the industrial machine is considered a piece of furniture, the stamp duty due must be paid in accordance with Article 20, paragraph 5, paragraph (i), i.e. 3% (3%) the counterparty or market value of the property, depending on the higher value. 2.3 An instrument that covers or concerns several different issues is too resilient with the total amount of tariffs for which each instrument would have been charged. Two types of stamp for stamp duty payment. Section 25 of the Bombay Stamp Act states that stamp duty on mobile property transport is three per cent of the market value of the property. Under Section 31, of Bombay Stamp Act, 1958. deals with the evaluation of instruments.
The warrant means determining the ability to load stamp duty on instruments. The authority to be taken is the designated stamp collector in each district. The fee is 100/- Rs. as adjudication fee. The request for evaluation must be accompanied by a copy or summary of the act, as well as affidavits or other evidence necessary to demonstrate the instrument`s lot capacity, which effectively demonstrated the ability of the instrument`s lot and proof of payment.