Transfer of Share of Unlisted Company Below Bookvalue

If both are relatives as defined u/s 56(2) then there is no problem in transferring below book value. The new rule was applicable w. e. .f 01.10.2009 for individuals & HUFs and 01.06.2010 for firms and companies.

Detailed analysis has been made here also.

/experts/tax-on-repurchase-of-share-after-31-05-2010-452560.asp

thank u so much...

A Listed Public Company has Public Shareholding of 2% only instead of the required 25% and the remaining shares are held by promoters. Now the Company wants to increase its Public Shareholding to the required threshold limit of 25%. Kindly suggest ways how to give effect to the same. M confused about how to transfer the shares to the Non promoters. And also guide me on how does the book value of shares of a Company may effect the Transfer of shares and the consideration amount involved in such shares.

Please suggest some way outs.

Thanks & regards.