Franchising Agreements- Stamp & Registration

Dear Girish,

Since the query is silent on the place where the agreement is being entered into I am quoting the Stamp duty as per the Indian Stamps Act:

6			AGREEMENT OF MEMORANDUM OF AN AGREEMENT:- not other wise provided for
	(A)		Where the value
		i)	Does not exceed Rs. 5,000/-	Ten Rupees
		ii)	Exceeds Rs. 5,000/- but does not exceed Rs. 20,000/-	Twenty Rupees
		iii)	Exceeds Rs. 20,000/- but does not exceed Rs. 50,000/-	Fifty Rupees
		iv)	Exceeds Rs. 50,000/-	One hundred rupees

 

Hi,

well thanks for reply... i will be really great ful if u elaborate the same. The area is Mumbai and its relating to Movable property. hence whether the stamp duty quoted by you is applicable to the same. and whether it is compulsory registerable.

regards

Dear Girish

The state of Maharashtra is governed by the Bombay Stamp Act, hence the rates for agreement for franchise is different from that which is given to you under the Indian Stamp Act. I am from A P, hence, advise you to get in touch with a Mumbai Lawyer for correct details.

Dear Mr. Girish

You can execute the Franchisee Agreements on Non-Judicial Stamp Paper of Rs. 100/-.It is as per The Bombay Stamp Act 1958, Schedule - I, Clause 5(h)(B).

Hope the same will solve ypur query

Regards.

Dear Girish

The Franchise Agreement will essentially be goverened by the Contract Act, 1872 and will attract 0.1% duty under the Bombay Stamp Act, 1958 if it is executed in Mumbai.

 

Regards

Vijay

Sir,

Hello sir I would like to know your office address. So i can contact you personally.

Your office ADD. sita kunj apt. hill view area,ulhasnagar.

Thank You..

 

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Legal points to keep in mind while drafting franchise agreement.

 

please advise. 

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