Revenue recognition on sale of shares

dileep (CA Job) (41 Points)

17 January 2014  

Hi experts,

I have a doubt regarding revenue recognition in sale of shares.

When should we can recognise the income on sale of shares, we have sold(our share) Private limited shares to the promoters.

We have received full consideration, but tranfer procedures are pending.

To recognise income is it nessasary to get the shares registered in the name of transferee?