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harini d   28 May 2020

Transfer business

I am  a foreign citizen with Indian origin. Can I transfer my brother's business which is a sole propreitor to my incorporation . I need to start an incorporation. Can i start a back dated incorporation. My brother had a case against his business he wanted to transfer his business in to my incorporation to avoid heavy penalties.

In case it was transfered and case goes against him Do I need to pay from my personal assests. 



Learning

 1 Replies

P. Venu (Advocate)     28 May 2020

The matter requires professional consultation.


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