TAKEOVE THE BUSINESS

Querist : Anonymous (Querist) 13 July 2010 This query is : Resolved
Sir
A private company wants to take over the business of a shareholder. What are the formalities and documents and what amount of court fees required for takeover the assets of the shareholder?

THANKING YOU
SAMPAD

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DEFENSE ADVOCATE.-firmaction@g (Expert) 14 July 2010
It will be just a normal purchase activity, no court involved.

Heaven 2011 (Expert) 14 July 2010
If the shareholder or the target entity is a listed company then it will be subject to the Substantial Acqusition & Take Over regulation (Amended). For detail information and documents format etc you may kindly visit website of NSE and SEBI.

Regards,

Querist : Anonymous (Querist) 15 July 2010
IS THERE AN STAMP DUTY IS TO PAYABLE ON THE TRANSFER OF FIXED ASSETS?

Heaven 2011 (Expert) 19 July 2010
Oh! U were talking about take over of fixed assets....then only a normal purchase activity will do. The ageements will be subject to the stamp duties.

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