Transfer of property to director

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 June 2015 Dear Sir,

I want to know can we transfer the property of Company to Director of the company?
If yes tell me the procedure and Tax Effect of the same ?

Ankur Garg

Ankur Garg (Expert)
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24 June 2015 Hi,

Transfer of property of director is possible subject to necessary approvals. This will be a related party transaction.

Kindly refer section 188 for relevant compliances in this regard.

Thanks

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