Please let me know whether it is possible to transfer the shares of a private company at par, when the value per share based on net worth comes to around 126/-?
05 October 2010
Hi Sir, Thanks a lot for this speedy reply. Can you please give me some references, a case law or a section, which justifies your answer?
05 October 2010
You can transfer but also read the same with provisions of Section 56(2)(vii) of Income tax act where the buyer of share can be taxed for the difference of the amount if shares received from other than relatives.