Stamp duty

Sumit Shingala (Querist) 06 June 2013 This query is : Resolved
a proprietorship concern (not having any immovable property), is selling all of its assets and liabilities, including book-debts to a company in which the proprietor is director and shareholder...?

how shall stamp duty be worked out ??

Follow Query

Report Abuse

Amritesh Mishra (Expert) 07 June 2013
purchase consideration will determine the value of stamp duty. As in your case there is sale of sole proprietorship concern to a company and owner of sole proprietorship concern is one of the director of the purchasing company, so provisions of section 299,300, and 301 of companies Act,1956, should be complied with.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now