Transfer of Company

This is my view:

Nothing is done mistaken in case of where finance matter is concerned.

So,  if land is in the name of the company and diriector had paid frm his bank. than cost of land will be appear in the company books as the LOANS FROM DIRECTORS  and company would pay that amount.

if directors want that land than he has to buy from the company and captial gain wil be applicalbe to company.

Bottom line:

Director should buy the land from the company . and capital gain will be applicable to company.

There are many view where directors can be benefited which can be known through proper consultant.