A client in Coimbatore wants to transfer 100% shares from the Indian Private Company to holding company in Mauritius. There is no real consideration because holding company in Mauritius receives 100% of the shares in the Indian operating company in return for issuing 100% shares in the holding company to the shareholders of the Indian operating company.
What are the stamp duty implications for the Indian operating company for this share transfer?
Is there any good tax accountant in practice near Tirupur or Coimbatore who can assist this client?
CAclubindia
