My father is a 50% owner in a shop and the other 50% is owned by his friend. Sine my father is getting old now, he has decided to transfer his right to my wife. So what will be the correct process to do it? Does he have to pay stamp duty for this?
tanvir (cust care) 21 October 2014
My father is a 50% owner in a shop and the other 50% is owned by his friend. Sine my father is getting old now, he has decided to transfer his right to my wife. So what will be the correct process to do it? Does he have to pay stamp duty for this?
reeti shah (lawyer) 21 October 2014
T. Kalaiselvan, Advocate (Advocate) 22 October 2014
What if the 50% ownership?, whether the company was under partnership, if so, what is the terms and conditions of partnership?, you may consult a local consultant and proceed as per further advise upon producing the relevant papers before him.
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