Can director purchases company property

can director purchase property from private limited company
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Quick Summary
A director can purchase property from their private limited company, provided all proper compliances for related party transactions (RPT) are met. This involves registering a sale deed, paying stamp duty based on circle rates, and addressing capital gains tax for the company. Section 188 of the Companies Act 2013 mandates specific approvals and filings with the Registrar of Companies (ROC) for such transactions.

Yes with proper compliances of rpt
If the Private Limited Company sells one of its property to any of the Director of the Company, firstly, the Company has to observe that there shall be the mandatory transfer or the sale deed duly registered, notarized and stamped. The stamp duty has to be paid as per the respective stamp duty act of the state as per the provisions of Indian Stamp Act 1899 which would depend upon the circle rate.
Further the sale of immovable property to buyer would involve the capital gain liability on seller (i.e Company) which could be either the LTCG or STCG depending upon the property.
Further as per the provisions of section 188 of the Companies act 2013, selling of property by the Company to director is the related party transaction and Company has required to do all compliance relating to approval of RPT and it's filing with ROC ext....

Thank you, what resolution is needed to sell the property to Director from the company?  Could you please explain the details of documents needed and respective filings?

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