Can a director of private limited company sale his personal property to its comapny in which he is acting as director ? If yes can the sale consideration be in form of issue of preference shares ?
Regards,
Vaibhav
vaibhav (CA & CS) (577 Points)
09 October 2012Can a director of private limited company sale his personal property to its comapny in which he is acting as director ? If yes can the sale consideration be in form of issue of preference shares ?
Regards,
Vaibhav
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