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Procedure to distribute assets among shareholders for winding up
13-Jul-2023 (In Corporate Law)
We set up a private limited company in 2010 and we want to wind it up now and distribute the assets to shareholders. There are only two shareholders from our family in above company. The only asset in the company is post tax profit (reserves) which are parked in mutual funds. Kindly advise the best way forward and what will be the tax implication of the money when it would be distributed to shareholders after winding up. What is the legal procedure?
Sir,
This query needs one on one discussions between you and a lawyer, kindly take out time and consult a lawyer to gain proper guidance on the subject and take appropriate steps to resolve the some.
This query needs one on one discussions between you and a lawyer, kindly take out time and consult a lawyer to gain proper guidance on the subject and take appropriate steps to resolve the some.
Helpful?
14+
14+
Adv. S Shiva
Delhi | 25+ Answers
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Hello client ,
i have read your query in regards to your company assets to get divided which is presently in post tax profit (reserves) which are parked in mutual funds.so in this case we need to go through the over all things and what is the overall amount is involved in this case then only we can advice the correct way .
thanks.
i have read your query in regards to your company assets to get divided which is presently in post tax profit (reserves) which are parked in mutual funds.so in this case we need to go through the over all things and what is the overall amount is involved in this case then only we can advice the correct way .
thanks.
Helpful?
13+
13+
Adv. Vishwanath Pratap Singh
Delhi | 500+ Answers
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