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
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
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.
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
- ITR-Capital Gain
- Taxation on Old jewellery sold
- Reporting in TDS return
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- F&O reporting in ITR
- Loss of interest in PF transfer from EPFO to Trust
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
