Shares transfered before filing air

MCA 258 views 2 replies

trainee

514 Points Joined August 2014

A company's shares of 60 lakhs have been bought by some shareholders on 31.3.2015.

However there is a proposal to take over the company by taking over it's 100% shares in july 2015

In the given scenario should the company first file the air with prevoius allotees or can it go for the air filing with the new allotees?

Are there any extra compliances incase of 100% transfer of company's shares?

Replies (2)

Assistant Manager @ EY

955 Points Joined November 2007

Hi,

For FY 14-15, you need to include the share holders who were during such year.

Any acquisition post balance sheet date shal be reported in the next financial year only.

Thanks,

Suri

trainee

514 Points Joined August 2014

Thanks, my next question will be do you need to file an air incase of share transfer?

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