Dear Experts
Kindly help me for the given case:
ABC P LTD is a Company
A holding 75% of shares
B holding 25% of shares
B will give his shares to A & in consideration he will be getting plot wroth Rs. 6 Crore.from the Company.
Option 1( Preferred option)
Land will be demerged to seperate entity XYZ and B will be shareholder in the same, B share will be extinguished and in return B will get the plot.
(to check the applicability)
Option 2
Land will be demerged to separate entity XYZ and A, B both are the shareholders A will give shares of XYZ Ltd to B in return B will give sares of ABC as exchange.
Regards,
Khusboo
CAclubindia
