Hi I want to incorporate a enterprise. Basic purpose of creation is to give loan to a public company of Rs 75 lakh & later on become their shareholder. Shall I open Pvt lmt or LLP??
If I open Pvt Ltd & show share capital of Rs 75 lakh or more, than I need to pay higher amount of stamp duty. Please suggest sny other option through which I can introduce money in Pvt limited without paying any extra amount.
If I go with LLP in this case, do I need still need to pay stamp duty on capital?
2 Replies
Chirag
(Professional)
(1979 Points)
Replied 11 September 2023
Loan & Investment company required registration as NBFC ,so the company form of business is suitable , it all depends on the what constitute ordinary course of business ,like Giving Loan to Public company is A Basic Lending transaction if it's a part of objective then registration from RBI requires...else you can directly become shareholder by LLP mode only....For taxation point of view ,I think LLP & Cos are in same tax bracket ( For Capital Gains ) Except NBFC license when tax rate reduced...so it all depends on the end purpose and intent..
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disclaimer - For educational purpose only..
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