Legal Question in Business Law in
wherein a company is dissolved & assets are distributed amongst shareholders after paying all other liabilities. In this case are the shareholders liable to pay stamp duty on the value of assets which they receive on account of dissolution of the company?
Asked on 9/01/10, 10:20 pm
1 Answer from Attorneys
Vishwa Arya
Arya & Co.
yes, it amounts to transfer from company to shareholder and therefore stamp duty
Answered on 9/03/10, 10:23 am
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