Regarding sale of property
This query is : Resolved
03 September 2019
Dear All,
I came across a case wherein a person (Salaried person) had entered into an agreement with a Indian Company and purchased a piece of land many years ago. The Company is into cultivation of crops, etc. However at present the Company is under litigation. Today, the person wishes to sell his share of land. The first question is can the person sell his share of Land without the consent of the company? If Yes, which law governs this and the specific provision of the law. If no, the law which governs this and the applicable provisions of the Law.
Request assistance on the above subject matter.
I came across a case wherein a person (Salaried person) had entered into an agreement with a Indian Company and purchased a piece of land many years ago. The Company is into cultivation of crops, etc. However at present the Company is under litigation. Today, the person wishes to sell his share of land. The first question is can the person sell his share of Land without the consent of the company? If Yes, which law governs this and the specific provision of the law. If no, the law which governs this and the applicable provisions of the Law.
Request assistance on the above subject matter.
04 September 2019
If the land is registered in the name of the person, the person can sell his share of Land without the consent of the company.
04 September 2019
what is the nature of title? is it 7/12 extract? or only share certificate?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Missed TDS
- IT returns for fresh job holders
- F&O reporting in ITR
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
