By World Bank

ISBN-10: 0821379607

ISBN-13: 9780821379608

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Extra info for Doing Business 2011: Making a Difference for Entrepreneurs - Armenia

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Whether a court can void the transaction upon a successful claim by a shareholder plaintiff? Whether Mr. James pays damages for the harm caused to the company upon a successful claim by the shareholder plaintiff? Indicator 5 3 0 0 2 0 2 0 1 0 0 44 Whether Mr. James repays profits made from the transaction upon a successful claim by the shareholder plaintiff? Whether fines and imprisonment can be applied against Mr. James? Whether shareholders can sue directly or derivatively for the damage that the Buyer-Seller transaction causes to the company?

M. m. m. m. m. m. m. m. m. m. m. 000 Property transfers as a rule are subject to a 20% VAT, except if the parties are natural persons. The documentation shall include: Application (in the established form) One copy of the notarized sale purchase agreement Corporate documents of the new owner At the same time, new time limits were introduced, abolishing the previous expedited 32 procedures put in place to facilitate registration (procedure 1: 2 days; procedure 3: 4 days). Those changes were made by the Order No 99- N.

2009 of the Chairman of SCRPC and Order No 452-N, 18 May 2009 of the Ministry of Finance, registered by the Ministry of Justice on 22 May 2009, Reg. no. m. m. m. m. m. m. m. m. m. m. m. 000 The documentation shall include: Application (in the established form) Procedure 2 Payment of stamp duty and notarization of sale-purchase agreement by public notary Time to complete: 1 day Cost to complete: AMD 5,000 (Stamp duty for Notarization) + AMD 15,000 – 20,000 (Notary’s fees) Comment: Previously, stamp duty for notarization was paid to the respective settlement account at a commercial bank – however, it is now possible to pay this stamp duty directly at the notary office.

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Doing Business 2011: Making a Difference for Entrepreneurs - Armenia by World Bank

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