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Transfer of Shares of Pvt Ltd

This query is : Resolved 
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(Querist)
13 January 2020 A Pvt Ltd and B Pvt Ltd are Associate companies...

B Pvt Ltd holds 50% shares of A Pvt Ltd...

5 share holders are there in B Pvt Ltd, Now B Pvt Ltd share holders wants to purchase 10% share of A Pvt Ltd from B Pvt Ltd and after that want to close B Pvt Ltd..

Share holders of B Pvt Ltd will become share holders of A Pvt Ltd..

Now if B Pvt Ltd transfer it's share at Face value of Rs.10 in A Pvt Ltd then is there any issue under income tax act..??
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CA Mohit Bansal

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CA Mohit Bansal (Expert)
13 January 2020 The transfer of shares should be done at value supported by valuation report signed by a Registered Valuer. If Registered Valuers assign the value at face value then the transfer can be done without any problem else you may face additions from the IT department.
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CA Maulik Bagdai

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CA Maulik Bagdai (Querist)
13 January 2020 Registered valuer to be Merchant Banker..??
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CA Mohit Bansal

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CA Mohit Bansal (Expert)
14 January 2020 IBBI Registered Valuer for Asset Class Securities and Financial Assets
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