Selling of the entire properties of the company

1. there is. a specific procedure.
2. it takes time.
3. income will be taxed on the company.

Your query is not clear...
Please ask correctly with exact activities of the company, Share holders and ownership of agriculture land

1. obviously it will be transferred.
2. yes they hv to register in the name of the company.
3. it will be taxed as per schedule.

Thank you, Can you let us know the correct procedure to be followed.

The Company owns agriculture lands and cultivates only fruit trees. The Company`s entire income is derived from agriculture. There are only 10 shareholders.

The agricultural lands are situated in a rural area and are registered in the name of the Company.

Originally posted by : P GUNAPALAN
	Thank you, Can you let us know the correct procedure to be followed.

Bro,

அவரு உங்களுக்கு சரியான ரிப்ளை குடுக்க வாய்ப்பு இல்லை. ஏன்னா, அப்படியே மேலும் கீழுமாக ரிப்ளை போட்டு points டேபிள்ல வர போராடுவாரு...

Please wait he will reply soon....

I think Only Company' s management changes this is not an M&A transaction , I understand that Private Company Owns Agriculture Land and Shareholders sell their shares to new group of individuals..So Land is still owned by company and not by individual shareholders...Selling shareholder will pay capital gain tax( if any )