Private ltd company share gift to individual

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Querist : Anonymous

Querist : Anonymous (Querist)

18 December 2012 A Private Limited company could transfered his share to indiviual as gift

Ajay Mishra (Expert)
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18 December 2012 Hi

No, A company is not a human being so it is not possible to gift shares, please check what your company's articles.

swasti (Expert)
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18 December 2012 The provisions of Sec 56 of the Income tax Act has to be taken care of.

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