02 February 2012
US based company holding shares of Indian pvt company seeks to sell its shares to the UK base company...Transfer is between US company to UK company..so no FCTRS or any other provision from FEMA. But How the stamp duty thing should be considered? 1. Is transfer deed required to be notarised from the resident company? 2. Stamp duty shall be paid where< US, India or UK? What shall be rate of stamp duty? 3. any other formalities to be met?
Guest
Guest
(Expert)
04 February 2012
Stamp duty to be paid in the country where transfer is executed at the prevailing rate.
CAclubindia
