11 January 2008
hi, One of my client want to purchase a running rolling mill(PVT. Co.) in west bengal. I want to know wheather the purchaase shall be made on valuation of individual assets and liablities or purchase the whole shares and the advantages /disadbantages in both the proposal.
20 January 2008
If you purchase on assets basis you may have to pay applicable taxes and duties. If you purchase the shares instead tyou have to pay only stamp duty for share transfer, but the entity from whom purchase will be your controlled company continuing to own the assets.
CAclubindia
