Charges for regn. of immovable properties of transferor companies in the name of transferee company after merger

[DILEEP RASTOGI]

A public limited company (hereinafter called as transferor company) has been merged in a listed public company (hereinafter called as transferee company) by an order of Hon'ble NCLT. After merger immovable property of transferor company has to be transferred in the name of tranfseree company. Whether fee of regn. of property is liable to pay by transferee company or it will be transferred in the name of tranferee company by virtue of law as the court has passed the order to tranfser all the liabilities and assets of the tranferor company in the name of transferee company. Please advise.

AI Summary

Transfer of Immovable Property in Company Merger Occurs Automatically by Law, No Additional Registration Fees Required. A public limited company has merged into a listed public company following an order from the Hon'ble NCLT. The query concerns whether the transferee company must pay registration fees to transfer immovable property from the transferor company into its name, or if the transfer occurs automatically by law due to the court's order transferring all assets and liabilities. The response provided suggests that the property will be transferred to the transferee company by virtue of law, without the need for additional registration fees.