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.

[DR.MARIAPPAN GOVINDARAJAN]

In my view it will be transferred in the name of transferee company by virtue of law.

AI Summary

Operation of law transfer: immovable property registers in transferee's name, obviating a separate registration fee obligation. The immovable property of the transferor company is transferred to the transferee company by operation of law pursuant to the merger order, and the property will be registered in the transferee's name on that basis, obviating separate payment of registration fees by the transferee company.