Selling of the entire properties of the company


02 September 2023  

A  Private Ltd. Company owned by a few share holders owining agricultural land and only involved in agriculture sells all it`s shares to an individual or another group of individuals what will be the implication

1. Will the agriculture land get transferred to the new owners?

2. Do the new owners have to register the property in their name?

3. How will the income be taxed on the Company and the individual share holders?