banner_ad

General query

171 views 2 replies
a director of a private limited company purchased land in his own name .now he wants to transfer the land to the company name . what is the procedure?
Replies (2)

comply with Sec 192 

Short Points : 

1. required SR 

2. valuation by Registered Valuer 

3. Other formalities 

For this transaction 

1.Being the related party transaction between          the company and its director. Read with               section 2(76) and 188(1)(b) of the Companies    Act,2013. Pass Board Resolution and ordinary   resolution resolution if the transaction               amount exceeds the  threshold as mention in rule 15 of companies (MBP) rules 2014. 

2. If the consideration is received by the                    directors of the Company is other than cash        then section 192 also invoked here member        resolution also required. 

This is besed on my understanding. 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details