One person company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2016
If a person wants to incorporate a One Person Company with his personal fixed assets as capital then will the Transfer of Property Act be applicable and Stamp duty to be paid on such property? (at the time of incorporation).
If after incorporation, the properties are transferred to OPC, will then stamp duty be paid?
If after incorporation, the properties are transferred to OPC, will then stamp duty be paid?
18 April 2016
OPC is a separate legal entity , thus on transfer of assets stamp duty would be levied.
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