Kamal Jaykumar Parekh 09 January 2021

lease agreement

Query regarding Lease Agreement

1. What is consequences if Lease Agreement made for past period (say P & M rented from Apr 20 but lease agreement made as on today for the period from Apr 20) in the State of Gujarat?

2. What if Lease agreement for P & M made for the period more than 11 months (say 3 years) in the State of Gujarat?

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3 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 09 January 2021

WHAT is "P & M" ?

Keep Smiling .... Hemant Agarwal
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Kamal Jaykumar Parekh 09 January 2021

Plant and Machinery

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 11 January 2021

1. Registration of a Pre-Dated (Past Period) L&L Agreement, would be a prosecutable offence under the Registration Act, evasion of Registration Fees & Stamp Duty.

2. However the L&L Agreement can be regularized by sending it for Adjudication and paying the relevant Stamp Duty, Registration Fees and Penalty thereon, as per the order of local office of the Registration of Sub-Assurances.

3. L&L Agreement can be legally executed for ANY duration /period, without any legal exceptions.

Keep Smiling .... Hemant Agarwal
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