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Selling of the entire properties of the company

P GUNAPALAN (PROPREITOR) (66 Points)

02 September 2023

A Private Ltd. Company owned by a few share holders owining agricultural land and only involved in agriculture sells all it`s shares to an individual or another group of individuals what will be the implication

1. Will the agriculture land get transferred to the new owners?

2. Do the new owners have to register the property in their name?

3. How will the income be taxed on the Company and the individual share holders?

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8 Replies

sabyasachi mukherjee (26132 Points)
Replied 03 September 2023

1. there is. a specific procedure.
2. it takes time.
3. income will be taxed on the company.

RAJA P M ("Do the Right Thing...!!!") (127224 Points)
Replied 03 September 2023

Your query is not clear...
Please ask correctly with exact activities of the company, Share holders and ownership of agriculture land

sabyasachi mukherjee (26132 Points)
Replied 03 September 2023

1. obviously it will be transferred.
2. yes they hv to register in the name of the company.
3. it will be taxed as per schedule.

P GUNAPALAN (PROPREITOR) (66 Points)
Replied 03 September 2023

Thank you, Can you let us know the correct procedure to be followed.

P GUNAPALAN (PROPREITOR) (66 Points)
Replied 03 September 2023

The Company owns agriculture lands and cultivates only fruit trees. The Company`s entire income is derived from agriculture. There are only 10 shareholders.

P GUNAPALAN (PROPREITOR) (66 Points)
Replied 03 September 2023

The agricultural lands are situated in a rural area and are registered in the name of the Company.

RAJA P M ("Do the Right Thing...!!!") (127224 Points)
Replied 03 September 2023

Originally posted by : P GUNAPALAN
	Thank you, Can you let us know the correct procedure to be followed.

Bro,

அவரு உங்களுக்கு சரியான ரிப்ளை குடுக்க வாய்ப்பு இல்லை. ஏன்னா, அப்படியே மேலும் கீழுமாக ரிப்ளை போட்டு points டேபிள்ல வர போராடுவாரு...

Please wait he will reply soon....

Chirag (Professional) (1979 Points)
Replied 11 September 2023

I think Only Company' s management changes this is not an M&A transaction , I understand that Private Company Owns Agriculture Land and Shareholders sell their shares to new group of individuals..So Land is still owned by company and not by individual shareholders...Selling shareholder will pay capital gain tax( if any )

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