Purchase of equity shares by a company - form 61a

S. Krishnamoorthy (Director) (61 Points)

24 May 2017  

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