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Transfer of liability with asset to director

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2016 A Company had paid 75% installment relating to a property but now want to transfer the pending liability to a director. The assets will be transferred in the name of director and he will make the balance payment .Whether its possible and how?
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Pratik Shah

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Pratik Shah (Expert)
23 December 2016 What about the amount Company has already? Will Company get back it's money?
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 December 2016 yup....it will be given back to the Company and the balance payment will be made by the director
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