Rent Resolution
This query is : Open
20 May 2011
Following is the case -
If two group companies (Pvt Ltd Co) are using the same premises as its registered office and one company is paying rent to another, then what are compliances to be done by both the companies??
Can they pass a Board Resolution?? do we have renew it every year?? Can we pass resolution for 15 years at a time?? how??
Can we include this in the Sale - Purchase Agreement? will this trigger S. 297??
If two group companies (Pvt Ltd Co) are using the same premises as its registered office and one company is paying rent to another, then what are compliances to be done by both the companies??
Can they pass a Board Resolution?? do we have renew it every year?? Can we pass resolution for 15 years at a time?? how??
Can we include this in the Sale - Purchase Agreement? will this trigger S. 297??
20 May 2011
in your situation I advice you to prepare agreement mentioning the main company can let-out same property to group companies or holding companies.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
