Share Transfer at par?
This query is : Resolved
05 October 2010
Hi Sir,
Please let me know whether it is possible to transfer the shares of a private company at par, when the value per share based on net worth comes to around 126/-?
Thanks & Regards
Smenon
Please let me know whether it is possible to transfer the shares of a private company at par, when the value per share based on net worth comes to around 126/-?
Thanks & Regards
Smenon
Ajay Mishra
(Expert)
05 October 2010
Hi
Yes, You can transfer of private limited company share at par. There is no restriction for doing so.
Regards
Yes, You can transfer of private limited company share at par. There is no restriction for doing so.
Regards
05 October 2010
Hi Sir,
Thanks a lot for this speedy reply. Can you please give me some references, a case law or a section, which justifies your answer?
Thanks in advance
Smenon
Thanks a lot for this speedy reply. Can you please give me some references, a case law or a section, which justifies your answer?
Thanks in advance
Smenon
Aditya Maheshwari
(Expert)
05 October 2010
You can transfer but also read the same with provisions of Section 56(2)(vii) of Income tax act where the buyer of share can be taxed for the difference of the amount if shares received from other than relatives.
05 October 2010
If the transferee is a non-resident, valuation as per FEMA has to be necessarily complied with.
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