https://www.taxtmi.com/article/detailed?id=6629 The Regulations grant a registration fee continuity benefit when an individual or partnership membership is converted into a corporate entity, exempting the corporate transferee from fees already paid for the corresponding period provided the erstwhile individual or partner becomes a whole time director and retains at least 40% of paid up equity for three years; an explanatory deeming provision treats conversion as continuation. Judicial authorities emphasize that the benefit applies only where statutory conditions are strictly met and that voluntary business restructuring does not attract the exemption, while doubts on fiscal provisions favor the subject. en-us Wed, 13 Jan 2016 09:59:11 +0530 Wed, 13 Jan 2016 09:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6629 The Regulations grant a registration fee continuity benefit when an individual or partnership membership is converted into a corporate entity, exempting the corporate transferee from fees already paid for the corresponding period provided the erstwhile individual or partner becomes a whole time director and retains at least 40% of paid up equity for three years; an explanatory deeming provision treats conversion as continuation. Judicial authorities emphasize that the benefit applies only where statutory conditions are strictly met and that voluntary business restructuring does not attract the exemption, while doubts on fiscal provisions favor the subject. Articles Corporate Laws / IBC / SEBI Wed, 13 Jan 2016 09:59:11 +0530 https://www.taxtmi.com/article/detailed?id=6629