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Transfer of shares

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(Querist)
23 September 2008 We are a private ltd company. 50%of the shares of our company is held by one of our group company A ( pvt ltd).

Now Group company A wants to transfer its shares to another group company B (pvt ltd). Please tell me, whether Cmpany A can transfer the shares at Par value to Company B or is there any procedure to treat differently. As all are private limited companies I feel that I can transfer at Par.

Please advice.

please also send relvant provision to my mail id ramprasad@rksbbdo.com
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Jitender

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Jitender (Expert)
23 September 2008 yes u can transfer at par .
and transfer will be chargeable to capital gain tax.
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