Transfer of business ownership agreement india

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            • Business Registrations
              • Startup Registration
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              • Public Limited Company Registration
              • One Person Company Registration
              • Limited Liability Partnership Registration
              • Nidhi Company Registration
              • Producer Company Registration
              • NBFC Company Registration
              • Micro Finance Company Registration
              • Partnership Firm Registration
              • Proprietorship Firm Registration
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              • Branch Office Registration in India
              • Import Export Code Registration
              • GST Registration
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              • RERA Registration
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              • Society Registrations
              • Trust Registration
              • FCRA Registration
              • 80G-12A Registration
              • Corporate Social Responsibility
              • Trademark Registration
              • Trademark Renewal
              • Trademark Objection Reply
              • Trademark Opposition
              • Copyright Registration
              • Design Registration
              • Provisional Patent
              • Patent Registration
              • ITR – Income Tax Return
                • ITR Filing for NRIs
                • ITR Filing for Individuals
                • ITR Filing for Company
                • ITR Filing for Society / Trust
                • ITR Filing for Partnership Firms
                • TDS Returns Filing
                • Income Tax Notice Reply
                • Scrutiny Notice
                • GST Registration
                • GST Returns Filing
                • GST Annual Returns
                • GST Audit
                • GST Cancellation
                • E-Way Bills
                • Annual Compliances
                  • ROC Filing for Pvt Ltd Company
                  • ROC Filing for LLP Business
                  • XBRL Filing
                  • PF / ESI Returns
                  • RBI Compliance
                  • Accounting & Book Keeping
                  • Change Company Name
                  • Change Office Address
                  • Increase Authorized Capital
                  • Company Share Transfer
                  • Revival of Strike Off Company
                  • Closure of Pvt Ltd Company
                  • Closure of LLP Business
                  • Strike Off Secion-8 Company
                  • Director KYC DIR-3
                  • Appointment of Director
                  • Removal of Director
                  • Removal of Director Disqualification
                  • Add / Remove LLP Partners
                  • LLP to Pvt Ltd Company
                  • Pvt Ltd to Public Company
                  • Propreitorship to Pvt Ltd Company
                  • Partnership to LLP
                  • Consult with Chartered Accountant
                  • Consult with Company Secretary
                  • Consult with Corporate Lawyer
                  • Consult with Tax Consultant
                  • Popular Documents
                    • Shareholder’s Agreement
                    • Share Purchase Agreement
                    • Employment Contracts
                    • Legal Notice
                    • Power of Attorney
                    • Memorandum of Understanding (MOU)
                    • Partnership Deed
                    • Business Transfer Agreement
                    • Dispute Settlement Agreement
                    • Website Development
                    • SEO Services
                    • Social Media Management
                    • Product Listing Services
                    • Content Writing Services

                    Business Transfer Agreement

                    Availing of tax

                    Development and advancement of business

                    Introduction

                    Re-organizing the business whether financial, technological, organizational by way of merger, amalgamation, arrangement, compromise, demerger, acquisition, takeover, strategic alliance or slump sale is a complicated and a lengthy process.

                    Business Transfer Agreement is an agreement executed by and amongst the transferor and the transferee company to by way of executing a slump sale where every asset and the liability of one or more units transferred, sold, leased or assigned to any other for the lump sum consideration. This type of agreement provides ownership of other businesses.

                    As per section 2(42C) of Income -tax Act 1961, ‘slump sale’ means the transfer of one or more undertakings as a result of the sale for a lump sum consideration without values being assigned to the individual assets and liabilities in such sales.

                    Purpose behind restructuring of business through Slump Sale is as follows:-

                    • Growth & betterment of the business
                    • Reaching out to the better profits.
                    • Reorganizing through slump sale attracts stamp duty only on immovable properties.
                    • The transferor has to pay a certain amount of capital gain arising from such transfer.
                    • The value of business increases because of the assets and liabilities being acquired.

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