Jayanti Dey (Practicing Company Secretary) (271 Points)
08 April 2011One of our Sister Company has purchased the shares from the shareholders of the main company in the month of May, 2010. What will be the procedure for the same?
CA Sandeep Kumar
(Audit Assistant)
(804 Points)
Replied 08 April 2011
Jayanti Dey
(Practicing Company Secretary)
(271 Points)
Replied 08 April 2011
Its a sister company and its pvt ltd. It has purchased the shares at low value from the shareholders of the Parent company which is also a private limited company. When this purchase taken place at that time it was not the shareholder of the parent company. please tell me what should be the procedure for the same?
CAclubindia
