vasoya ankit (Practice) (137 Points)
06 July 2013our company has made rent agreement with directors on stamp paper of rs 100/- duly notorised for 5 year however we want to discontinue this rent agreement after 2 years, but company will use office taken on rent from director(mean to say director has given company to use his property without rent) so now how effect of rent agreement can be nullify. whether we can make board resolution for this purpose / has to make new deed to nullify rent agreement(if so please send me formate for same)
Mihir
(Wealth Manager)
(5293 Points)
Replied 30 July 2013
You can prepare deed of rectification. You will rectify the previous rent agreement from 5 years term to 2 years term.
vasoya ankit
(Practice)
(137 Points)
Replied 31 July 2013
can retrospective effect be given in rectification deed ?
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