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    Whether Directors can take lease amount instead of rent for building

    Posted By : damini / Published on : 16-Mar-2020 06:16 AM / View : 589 / Comment : 0

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    Dear friends

    I have a doubt, for the premises given on rent to company, they are paying rent monthly. Instead can it be paid as lumpsum amount of Rs.1.00 cr for ten years lease,. as the rent is paid at 1.60 lakh p.m. Any formalities to be observed ?
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