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Allotment of shares other than cash

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(Querist)
12 July 2013 Whether Company can allot shares to individual in lieu of Agriculture land which the individual(owner) give it to company.What is the procedure and requirement.Whether it amounts to transfer of agriculture land and whether capital gain and stamp duty is applicable in this case
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Ajay Mishra

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Ajay Mishra (Expert)
12 July 2013 Please check your MOA, that permit you to take agricultural land for business purpose.
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Ajit Singh

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Ajit Singh (Querist)
12 July 2013 In MOA it is already there...Whether such transfer comes under capital gain tax and whether stamp duty is applicable in this case......this is my question....pls answer
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