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Partnership to pvt ltd
Conversion of Partnership to Pvt Ltd company.
1. Will there be any stamo duty attracted?
2. What about the assets? as the assets are owned by parterns in personal name? how to transfer the same to the company???
3. Will the valuation of the assets trun in to the capital of the company???
Replies (3)
1. No stamp duty in my opinion.
2. The assets will be taken over by the company.
3. Yes, the valuation of assets (net off liabilites) will turn into the capital of the company.
will the transfer of assets (immovable property) attract any stamp duty?
Transfer of Immovable Propertry from Firm or Individual to a Company will surely attract a Stamp Duty.
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