CA Abhishek Singh (practice) (2105 Points)
18 October 2012Hello everyone,
suppose Mr.A & Mrs.A are the director & owners of a private ltd company. they want to sell this company to their friend Mr.X & Mrs.Y. what are the step by step by step procedure for the same ?
thanks in advance. waiting for your reply.
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 18 October 2012
No Any Step, Just Sell The Shares to Transferee.
& Make Them Director.
Now They are Owner.
Thats Shit in Your Case.
CA Abhishek Singh
(practice)
(2105 Points)
Replied 18 October 2012
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 18 October 2012
No Ownership Transfered.
There is No Concept in this of copanies.
You Just Show Sell of Shares to rs. 50000/ No. of shares make transfer deed.
apart from this only form 32 need to file for director name.
in annual return, shareholder list will go.
thatssit, nothing else.
just take care of income tax, since amount is not that much only 50000/- so i am under impression that tax will be not a big problem.
above matter applicable tor Closly Held Companies only
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
