Shares issued by a Company for amount exceeding Rs.1000000/- are treated as transaction under SFT and form 61A is to be submitted.
If a private Compnay purchases shares of another private company from the shareholders, does the transaction attract the provision of 114E and is treated as SFT?
Regards
S. Krishnamoorthy
"If a private Compnay purchases shares of another private company from the shareholders, does the transaction attract the provision of 114E and is treated as SFT? "
Not directly issued by the Company, so not applicable.
Chirag N Shah & Associates
Mumbai
CA Inter
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