Transfer of shares of a private limited
This query is : Resolved
27 December 2011
I have a doubt about that at what amount should the shares be transferred in order that SEC 56(2)(Vii) not attract.
28 December 2011
The shares should be transferred at market price.
Since, the shares of a private limited company are not listed, it is difficult to ascertain market value of such shares.
You will have to value the shares as per the rules.
Since, the shares of a private limited company are not listed, it is difficult to ascertain market value of such shares.
You will have to value the shares as per the rules.
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