Sale of shares held as investments

This query is : Resolved

Richa Singhal (Querist)
Follow

25 April 2016 1)what is the process to sell the equity shares of private co. held as investments by a private company?
2) is there any way to reduce the capital gain tax?

Please guide

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

25 April 2016 01. shares of a private company are subject to certain restriction transfer; put forth by the said private company. Subject to that, one can freely sell such shares.
02. No any exemption per se to reduce capital gain tax

Richa Singhal

Richa Singhal (Querist)
Follow

26 April 2016 Sir, these shares of private company are held by another private company and if the investor do not anymore wants to hold the shares then whats the procedure to sell those share held as investments?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

27 April 2016 the normal procedure to be followed. Try to understand : private companies shares are subject to certain conditions for transfer. These conditions are set out in the articles of association of the said company. Subject to those conditions, you as a private company, are free to sell the shares.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

THUSHAR MURALI KRISHNA

giriswar

Akhil Jain

Somnath Maiti

Shunmugavel Manohar

Subscribe Now

Sale of shares held as investments

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

CA Final

GST CONSULTANT

Senior Executive