S. Krishnamoorthy (Director) (61 Points)
24 May 2017Shares issued by a Company for amount exceeding Rs.1000000/- are treated as transaction under SFT and form 61A is to be submitted.
If a private Compnay purchases shares of another private company from the shareholders, does the transaction attract the provision of 114E and is treated as SFT?
Regards
S. Krishnamoorthy
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 25 May 2017
"If a private Compnay purchases shares of another private company from the shareholders, does the transaction attract the provision of 114E and is treated as SFT? "
Not directly issued by the Company, so not applicable.
CAclubindia
