Transfer of company owned car to director
This query is : Resolved
09 November 2017
the Director of Pvt Ltd Company wants to purchase a Car that is in the name of the company.
what is the proceedure to effect the transfer/ sale of the car to the director.
pls reply
thanks in advance.
Gourish A ( Company Secretary)
what is the proceedure to effect the transfer/ sale of the car to the director.
pls reply
thanks in advance.
Gourish A ( Company Secretary)
15 November 2017
you have to pass a board resolution for the same and issue a chq in favour of the company to make payment for CAR. Amount should b equal the WDV value of car so as to avoid capital gain liability
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