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sakina (student)     11 June 2021

SFT applicability for issue of shares

Company has issued shares during the year for an amount equal to 10 lakhs to the parent company (9.9 lakhs) and 2 individuals (5k each). During the year the individuals have transferred the shares to the parent company. Now the parent company holds the shares of 10 lakhs.
Is this a reportable transaction as per Section 285BA read with rule 114E ?

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