Dear Members,
We want to wind up a private company by members voulntary wind-up.
The company has Two members and they are also the directors of the company.
The company has immovable property. Is it possible to directly transfer the property to share holders against amount payable on shares on winding up or the liquidators has to compulsorily sell the property first and pay the shareholders in cash? In case if the property can be directly transfered then whether the stamp duty on such transfer be payable as ultimately the shareholders are the owners of that property just that they owned it through the company? Are there any income tax implications?
Thanks And Regards,
Nirav Gala.
CAclubindia
