Sec.56(2)(viia) not applicable to fresh issue of shares of company

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On 02 January 2019 1 Replies

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P C Agrawal

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Vice President (Corporate)

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Very important clarification dated 31.12.2018 from CBDT : Section 56(2)(viia) not applicable to fresh issue of shares by a company in which public are not substantially interested. It is applicable only in case of transfer of shares.

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Attached File : 9367 20190102160558 sec 562viia not applicable to issue of shares by a company 31122018.pdf downloaded 64 times

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