Urgent query_passing on of ownership
This query is : Resolved
Preety Gupta
(Querist)
02 August 2012
Dear Members,
I need your suggestion in the below mentioned query:
A CSE Listed Public Company wants to pass the ownership to its fixed assets to its certain Group Companies, which would allocate ownership of various assets (FIXED) of the Company i.e., the ownership of a particular Land, will be with one, ownership of another land will be with another Company likewise. The Board of Directors does not want to incur any cost in the procedure.
Kindly suggest how it can be done vide holding-subsidiary relationship or any other way, without any or least cost.
I need your suggestion in the below mentioned query:
A CSE Listed Public Company wants to pass the ownership to its fixed assets to its certain Group Companies, which would allocate ownership of various assets (FIXED) of the Company i.e., the ownership of a particular Land, will be with one, ownership of another land will be with another Company likewise. The Board of Directors does not want to incur any cost in the procedure.
Kindly suggest how it can be done vide holding-subsidiary relationship or any other way, without any or least cost.
Amol S Joglekar
(Expert)
02 August 2012
No such route is available. Holding and subsidiary vehicles can not be used to get away with stamp duty and registration charges. If you save it in one company, the company (H or S) will be required to pay it.
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