07 September 2009
whether an CMD of Ltd Company purchase land in his name & furthur transfer the same in the name of company ,land on which sugar factory is to be set up , if yes ? plz guide me , if no why ? & remedy for the same plz....But Land acquisition is very important to the the company's point of view ,since if CMD purchases the land in the name of company , land will cost 4 times more than the it would cost , if purchased in his own name & furthur transfer to company's name ....plz suggest Thank you
09 September 2009
The transfer should be genioun. You can not take additional benefit from this cross sale. you will get max benefit youwoudl havereceive had you been directly transfering it to com
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