EGM should be conducted in January 2014
Consideration Period of Department of revenue is around 2 months. To be within timeline of business transfer and prevent opportunities loss, EGM must be conduct in January 2015
In order to get tax benefit from PBT, additional information need to inform shareholder for their resolutions
Company need to inform Shareholder :
To approve list of assets & liabilities
Specific assets and liabilities need to inform S/H for their resolutions.
Amount of assets and liabilities need to inform S/H for their resolutions
To approve destination company
Name of destination company must be specified and inform S/H for resolutions.
To inform shareholder about closing date
Specific Closing date (Transfer Date) need to inform S/H for resolutions.
To inform tax benefit from PBT (Partial Business Transfer)
To transfer business to new company, EGM should be conduct
Amount and details of tax benefit need to inform S/H for resolutions.