Selling the pvt co.
This query is : Resolved
21 July 2016
why do we need purchase agreement and indemnity bond while transfering shares of pvt.co. with an objective to sell the private co.....?
24 July 2016
PURCHASE AGREEMENT acts as the basis of evidence to prove, that the transaction is taken place on that day, in the court of law.
indemnity bond act as a resolution mechanism for the prospective buyer of the company. so if there is any undisclosed liability of the past directors or the company, then they shall be responsible to pay it.
indemnity bond act as a resolution mechanism for the prospective buyer of the company. so if there is any undisclosed liability of the past directors or the company, then they shall be responsible to pay it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS AND ITR ISSUE
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- LIC maturity claim whether taxable
- FCRA 6 E- Intimation
- Cash balance limit and property purchases limit
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
