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Takeover of a company
A Director of the Company also Holds 50% Shares can able to take 100% shares of the Company. How Shares Value Calculated and impact on IT Act and Companies Act, 2013?
Replies (4)
Please mention Public or Private co
if public then Listed or Unlisted
if public then Listed or Unlisted
private and not listed
private and unlisted
Yes director can take over remaining 50% stake.
There are many methods to value share of company like Net realisable value, Agreed value between seller and buyer etc.
For Income tax point of view, Capital Gain would be attracted if cost of acquisition is lower than transfer value and based on period of holding nature of capital gains will decide.
There are many methods to value share of company like Net realisable value, Agreed value between seller and buyer etc.
For Income tax point of view, Capital Gain would be attracted if cost of acquisition is lower than transfer value and based on period of holding nature of capital gains will decide.
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