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Please confirm, can we transfer share in case of private company at face value ?

Fund raising

Posted By: Nidhi goel 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Atul Kumar Agarwal

You must read Sec 56(2)VIIA

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    Nidhi Goel

Thanks Ankit, Can u please advise what are the provisions in Income Tax which we have to consider for the same.

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Expert    Ankit Singhi

Yes, as no restriction is imposed in the Act but please consider provisions of Income Tax

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