CA. S. Balasubramanian (Chartered Accountant) (192 Points)
24 May 2012when a company want to purchase land from other company (both are private companies) After purchase the transferee company whether it is necessary to register the land with the registring authorities
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 25 May 2012
I think that it shud be regd. BEcause earlier the land was in the name of the transferor co. As the transferee co has taken over the transferor co, the trasnferor co is no longer in existence. So as the land is in use by the transferee co so the co shud get the land regd in it's name.
Nidhi Salampuria
(Company Secretary & Complaince Officer)
(48 Points)
Replied 25 May 2012
If it is sale & purchase of land between 2 co's (wheter pvt or public) it needs to be registered.
CAclubindia
