stamp duty on trademark license agreement in mumbai

In all other cases, it is to be paid by the person executing the instrument. CERTIFICATE OR OTHER DOCUMENT, evidencing the right or title of the holder thereof, or any other person either to any shares, scrip or stock in or of, any incorporated company or other body corporate, or to become proprietor of shares, scrip or stock in or of, any such company or body. (2) The Master Layout Plan or subsequent building plan of an approved project under the Pradhan Mantri Awas Yojana- Housing for All (Urban) must be sanctioned or approved by the Planning Authority. 100/- and fractions of less than Rs. Stamp duty is payable as per the provisions of Section 3 of the Indian Stamp Act, 1899. The upper limit is twenty thousand rupees (rule 20,000/-) and the lowest is rupee five hundred (rule 500/-). --The term 'registration' includes every operation incidental to registration under the Registration Act, 1908 (XVI of 1908). 10,00,000; 0.25 % of the amount agreed in the contract subject to minimum of Rs.100. (c) When a collateral or auxiliary or additional or substituted security, or by way of further assurance for the above-mentioned purpose where the principal or primary security is duly stamped. 50. Note.--The largest share remaining after the property is partitioned (or, if there are two or more shares of equal value and not smaller than any of the other shares, then one such equal shares) shall be deemed to be that from which the other shares are separated. 25,00,000. Stamp duty in Mumbai depends on a lot of factors. 50 or an amount equal to 5% of the amount of consideration ,whichever is higher, (2) having area more than 27.88 squares meters (300 square feet), (i) any advertisement on mass media, made for promotion of any product; or programme or event with an intention to make profits or business out it,-. (a) if the amount agreed does not exceed Rs. 3. STAMPS TO BE USED -- Adhesive Stamp (Section 11). (3) The Occupancy Certificate must be granted by the concerned Planning Authority. The renewal period, if specifically mentioned, shall be treated as part of the present lease, Explanation III. Provided that, the provisions of section 32A shall,mutatis mutandis, apply to such agreement, records thereof or memorandum, as they apply to an instrument under that section: Provided further that, if the proper stamp duty is paid under clause (g) of article 48 on a power of attorney executed between the same parties in respect of the same property then, the stamp duty under this article shall be Rs. The Maharashtra Legislative Assembly have passed a Bill which inter alia extends the set-off period for payment of stamp duty on resale of Immovable Property purchased from developer/ promoter as investment from one year to three years. - For the purposes of this Article, return of money paid as advance, on security deposit by lessee to the lessor shall not be treated as consideration for the surrender. Depending upon the Instrument, it may be based upon the Market Value, Area, or other various criteria. EXCISE BOND, See Customs Bond or Excise Bond (Article 28). (a) when possession of the property or any part of the property or any part of the property comprised in such deed is given by the mortgagor or agreed to be given; The same duty as is leviable on a conveyance under clauses (a), (b) or (c), as the case may be, of Article 25, for the amount secured by such deed. (ii) an amount equal to 0.7 %, of the aggregate of the market value of the shares issued or allotted in exchange or otherwise and the amount of consideration paid, for such amalgamation, whichever is higher: Provided further that, in case of reconstruction or demerger the duty chargeable shall not exceed, -, (i) an amount equal to 5 % of the true market value of the immovable property located within the State of Maharashtra transferred by the Demerging Company to the Resulting company; or. (b) Where such leave and license agreement purports to be for a period exceeding 60 months with or without renewal clause; Same duty as is leviable on lease, under clause (ii), (iii) or (iv), as the case may be, of Article 36. (2) a letter, article, document, parcel, package or consignment, of any nature or description whatsoever or by whatever name called, given by a person, courier company, firm or body of persons whether incorporated or unincorporated to the sender of such letter, article, document, parcel, package or consignment. if(MSFPhover) { MSFPnav1n=MSFPpreload("../_derived/back_cmp_Profile110_back.gif"); MSFPnav1h=MSFPpreload("../_derived/back_cmp_Profile110_back_a.gif"); } (iv) for a period exceeding 29 years , or in perpetuity, or does not purport for any definite period, or for lease for a period exceeding 29 years, with a renewal clause contingent or otherwise. STAMPS TO BE USED- Non-Judicial Stamp Paper, Rule 6 or Impressed Label/Special Adhesive Stamp [see Rules10 & 11]. 0.3% of the amount secured by such deed subject to maximum of Rs. They cannot be in the name of the Chartered Accountant or Lawyer of the parties. The agreements are for: 1. (ii) the Municipal Corporations of the Cities of Thane, Pune, Nagpur and Navi Mumbai-. The Stamp Duty in Mumbai, Thane, Navi Mumbai, Pune, Nagpur and Nashik on transaction of Sale, Mortgage and Gift Deed will attract a 1% metro cess from 1st April,2022 over and above the Stamp Duty rate. Vipra Chadha Vipra is a full-time content writer and a part-time Netflix addict. The Stamp Duty is calculated as per Schedule-I of The Maharashtra Stamp Act. By Notification dated 28th March 2020, the Government of Maharashtra had announced a concession in Stamp Duty rate @ 1% for 2 years with effect from 1st April 2020. These states include Haryana and Maharashtra. 0.5 % of the amount agreed in the contract. The same duty as is leviable on a Conveyance under clauses (b) or (c), as the case may be, of Article 25, on the market value of the property. The licensor is responsible for registering the leave and license agreement with the government; non-registration of a leave & license agreement also leaves the licensor responsible for a monetary fine or incarceration, in addition to the possibility of pushing the premises into litigation. So, if someone is transferring his property to their children, spouse or siblings though a deed of gift, they have to pay three per cent of the deal value as stamp duty. Stamp Duty Consultation And . 2.2 The stamp papers must be in the name of one of the parties to the transaction. 100/- equal to or exceeding Rs. Design transfer agreement and 3. 5,00,000; 0.1% of the amount secured by such deed subject to the minimum of Rs. (c) where a final order for effecting a partition passed by any Revenue Authority or any Civil Court or an award by an arbitrator directing a partition, is stamped with the stamp required for an instrument of partition, and an instrument of partition in pursuance of such order or award is subsequently executed, the duty on such instrument shall not exceed Rs. In cases of Bonds, Release, Settlement, it is to be paid by the person making or drawing the instrument. The law on stamping and registration. (2) The Chief Controlling Revenue Authority shall authorize a person nominated by such Department or body, etc. ARTICLE 36A LEAVE AND LICENSE AGREEMENT. (parseInt(navigator.appVersion) >= 3 )) || // -->