Queries regarding selling of property by a director to wife
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2013
Dear sir/Mam,
Please give your opinion for the following matter,
i) Can a director sell company's property to his wife or relatives?
ii) If yes, what are the formalities and how value is to be fixed?
iii) If these formalities are not complied with, what is the consequence?
Kindly, help us with your advice and send the bill for professional services.
Thank you.
Yours faithfully,
Please give your opinion for the following matter,
i) Can a director sell company's property to his wife or relatives?
ii) If yes, what are the formalities and how value is to be fixed?
iii) If these formalities are not complied with, what is the consequence?
Kindly, help us with your advice and send the bill for professional services.
Thank you.
Yours faithfully,
Ajay Mishra
(Expert)
10 September 2013
Hi
The company can sell the property to director wife.
The value will be decide by valuer.
The company can sell the property to director wife.
The value will be decide by valuer.
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