Transfer of liability with asset to director
This query is : Open
Querist : Anonymous
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?
23 December 2016
What about the amount Company has already? Will Company get back it's money?
Querist : Anonymous
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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