27 July 2010
actually we are going to make a private co. a subsidiary of public company for exemption of stamp fees on property sale.read this-
(As per Clause 54 of Notification No . M599/X-501 dated 25th March,1942 issued by Govt. of Uttar Pradesh and Notification No 1 dated 16th January, 1937 issued by Central Board of Revenue, Ministry of Finance, transfer of property to a subsidiary by its holding company having more than 90% of its shares is exempt from stamp duty.)
for this we require certificate of subsidiary from the ROC so that we show that to the other authority.
for obtaining certificate from roc we have to give following docs:
1.affidavits of ditectors
2.poa
3.Board Resolutions
4.request letter
5.other details
now i wnt to confirm whether all directors affidavit is necessary? because there is common directors in both companys.
CAclubindia
