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Business Transfer Agreement Formatted

The document includes a No Objection Certificate (NOC) from the old proprietor allowing the new proprietor to register for GST at the same business address. It also outlines a Business Transfer Agreement detailing the transfer of ownership of the business, including assets and liabilities, from the old proprietor to the new proprietor. The agreement specifies the terms of transfer, payment, legal compliance, and governing law.

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Prakash Roy
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1K views3 pages

Business Transfer Agreement Formatted

The document includes a No Objection Certificate (NOC) from the old proprietor allowing the new proprietor to register for GST at the same business address. It also outlines a Business Transfer Agreement detailing the transfer of ownership of the business, including assets and liabilities, from the old proprietor to the new proprietor. The agreement specifies the terms of transfer, payment, legal compliance, and governing law.

Uploaded by

Prakash Roy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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NO OBJECTION CERTIFICATE (NOC)

To,

The Goods and Services Tax Officer,


[State Jurisdiction],
GST Department,
[City, State]

Subject:

No Objection Certificate for GST Registration at [Business Address]

I, [Old Proprietor's Name], son/daughter of [Father’s Name], residing at [Address], am the


legal owner/tenant of the premises located at [Business Address].

I hereby provide my No Objection Certificate (NOC) to [New Proprietor’s Name], who


intends to continue the business under the same name [Business Name] and register for
GST at the same premises.

I have no objection to [New Proprietor’s Name] using the above address for GST
registration purposes.

Details of the Premises:

- Business Name: [Business Name]


- Business Address: [Full Address]
- Owner/Tenant Name: [Old Proprietor’s Name]
- PAN of Old Proprietor: [PAN Number]
- Aadhaar of Old Proprietor: [Aadhaar Number]

Declaration:

I confirm that I have voluntarily issued this NOC without any pressure or coercion.

Signed:

(Signature of Old Proprietor)


[Old Proprietor’s Name]
Date: [DD/MM/YYYY]
Place: [City]
BUSINESS TRANSFER AGREEMENT

This Business Transfer Agreement is made on [Date], between:

1. [Old Proprietor’s Name], son/daughter of [Father’s Name], residing at [Address]


(hereinafter referred to as the "Transferor").
2. [New Proprietor’s Name], son/daughter of [Father’s Name], residing at [Address]
(hereinafter referred to as the "Transferee").

1. Purpose of Agreement

The Transferor wishes to transfer ownership of the proprietorship business [Business


Name], including stock, assets, goodwill, and business name, to the Transferee, who agrees
to take over and continue operations.

2. Transfer Details

- Business Name: [Business Name]


- Business Address: [Full Address]
- Existing GSTIN: [Old GST Number] (to be surrendered)
- New GSTIN: [New GST Number] (to be obtained)
- Stock Transfer Value: ₹[Amount] (Invoice attached)
- Assets Transferred: [List of equipment, furniture, software, etc.]
- Liabilities (if any): [Specify, or mention 'None']

3. Consideration & Payment

The total agreed transfer value is ₹[Amount], which shall be paid by the Transferee to the
Transferor via [Payment Mode] on or before [Date].

4. Liabilities & Taxes

The Transferor shall be responsible for any liabilities before the transfer date, and the
Transferee shall be responsible for all business operations and tax obligations after the
transfer date.

5. Legal Compliance

- The Transferee will obtain a new GST registration and complete necessary formalities.
- The Transferor agrees to surrender the old GST registration after completion of stock
transfer.

6. Governing Law & Disputes


This agreement shall be governed under the laws of India and any disputes shall be settled
in the jurisdiction of [City, State].

7. Signatures

Transferor:
(Signature)
[Old Proprietor’s Name]
Date: [DD/MM/YYYY]

Transferee:
(Signature)
[New Proprietor’s Name]
Date: [DD/MM/YYYY]

8. Witnesses

Witness 1: [Name, Address, Signature]


Witness 2: [Name, Address, Signature]

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