Purchase of Property by Company

khushboo (CS) (234 Points)

16 June 2010  

Hellow.....

can a company purchase immovable property in the name of one its Director?

 the following are contents -

Payment by Company -

property will be showing in the Balance sheet of the Company and claiming depreciation

Registration of property in the name of Director to save stamp duty

No rent agreement is made and paid by company

kindly discuss the issue