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Minimum capital for an LLP - sales and purchase of stocks &

LLP 1155 views 2 replies

 

Hi,



Is there any minimum capital mandatory to register an LLP  for the company to deal in"sale and purchase of shares and commodities"



Is there any restrictions for such companies for short term buying ( eg intraday purchases)



Thanks in advance.

Regards,

Chris W



Replies (2)

Hi

 

My Friend living in Delhi had got some Shares in Hyderabad based Private Limited Company. He had transferred his Shares to a Hyderabad based Person for some consideration.  The Question is Whether the Stamp Duty is payable as per the AP State Rates or Delhi State Rates. And what is the rate of Stamp Duty? Is it 0.25% or 0.50% on the total consideration. Please calarify.

 

Thanks & Regards,

Ramana Murty

Hyderabad 

 As per my view, total tax rate of stamp duty payable as per AP State Rate, that is 0.25% on total consideration.


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