LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

How to Transfer land to company

14 February 2019

Please tell the Procedure to transfer land belonging to directors to company.
Company don't want to take it on lease from directors
any other option available to make company the legal owner of land to make financial position of company stronger ??

Reply
Follow
Share

7 Replies

CS M Pota (Company Secreatary) (3180 Points)
Replied 14 February 2019

In such case except outright sale/purchase there is no any other allternative in my view.In this transacation you will have to follow provision of the Companies Act 2013 applicable to the Interesed Director.

1 Like

CA CS NITIN MAHAJAN (CA ) (273 Points)
Replied 14 February 2019

Yeah I agree with your viewpoint. Should company take that land on lease from directors for showing it as leased asset to strengthen its asset position?

CS M Pota (Company Secreatary) (3180 Points)
Replied 14 February 2019

Yeah, that can be but, in such case also applicable provisions of Companies Act 2013 needs to be complied with.

CS M Pota (Company Secreatary) (3180 Points)
Replied 14 February 2019

Lease can be for long period say 3,5,6 or year or more.For Shorter period say for one year you can take on leave & licence in other word licence to use the land as per the condition of the leave & licence agtreement subject to Companies Act 2013 compliance.

CA CS NITIN MAHAJAN (CA ) (273 Points)
Replied 14 February 2019

Ok. Thankyou to all

Nitin More (2 Points)
Replied 09 February 2021

There is a way....for more information call me...I can transfer your individual's land capital to company

Abhidhamma Garg (2 Points)
Replied 03 January 2022

hi how to contact your mobile is not mentioned there,i am dealing with same issue,anyone with solution plz reach me out at 8,6 triple nine,8,6 triple three.