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Index of the meeting of the authorities #9/10 Friday 26 November 2010 Minutes of the meeting #8/10 held on 29 October 2010 595 Conflict of interest del grande, mike, with regard to the proposed acquisition of offices 595 Committee of the whole. This format can also be used if you have space or vacancies in your office and want to sublet it to others, with the reason to share the rent and various expenses. Always keep in mind to seal and document key clauses that serve as guidance for future references, especially in the event of a dispute. Always read your original rental document to determine if sharing your space and subletting are allowed. In an ex officio sharing scenario, subletting may be a resounding “no.” You can arrange frequent meetings with members and discuss contentious topics that concern you. This agreement brings together two or more like-minded people, who work in different sectors, to rent a common office and work independently. Rent and other maintenance costs are shared among the members of this contract. As a general rule, the office sharing contract is preceded by a lease between the landowner (tenant) and the tenant or occupant of this space. Tenants sign the office sharing contract and inform the landowner. We have included in this agreement a clause that emphasizes an amicable solution in case of disagreement/disagreement between members (7.0). Such issues may be resolved by simple majority. Like-minded entrepreneurs or small businesses typically use the office allocation agreement to share offices and facilities. This helps reduce operating costs and is suitable for startups and small businesses that can run their businesses with common facilities.

Beyond all the complications mentioned above, if we look objectively at the DIPP circular, we do not understand its necessity. Office-sharing agreements between group companies are not entered into to generate profits and therefore cannot be interpreted as “real estate activities”. These operations are carried out for commercial reasons. DIPP Circular has a complicated situation because it classifies transactions that are not inherent in the nature of “Real Estate Business” as transactions for “Real Estate Business”. The situation is further concealed by the introduction of impractical and contradictory conditions (without any consideration being given to the consequences of complying with these conditions) that must be met in order to qualify these “Not Real Estate Business” transactions as “not real estate business” transactions. Under the Information Technology Act, arm`s length price is a price applied or offered under uncontrolled conditions in a transaction between persons other than related enterprises. If a company allows the use of its offices by its group companies at a price of subcontracting a transaction, the company must charge the group companies for such use and a simple refund will not be made. If this is the case, these agreements must generate profits for society. This would mean that renting office space/subletting would become a business store. In addition, similar arrangements are made for sharing servers, cafeteria/water purifier services, elevators, key frames, etc. However, since these are mobile properties, they are not the subject of the DIPP circular. You should keep your landlord informed before executing this contract, as the lease framework agreement may contain a clause that may prevent you from entering into an office sharing agreement.

In this case, all the members of the Community office contract are parties to the framework lease agreement and thus become owners. Members may designate a member as a master tenant who authorizes him or her as a representative at the front. In order for a facility-sharing agreement not to be considered a “real estate business,” the Indian company invested overseas directly must ensure that the annual rent it generates under the facility-sharing agreements does not exceed 5% of its revenue. . . .