Cagreement to gift

Guest (Querist) 24 February 2017 This query is : Resolved
XYZ Ltd. holds some shares in ABC Ltd.It desires to transfer those shares to another Company named PQR Ltd. In this context,my queries are as under:
Is it necessary to make an agreement to gift before executing a formal gift? Can one company transfer its investment in shares to another company by way of gift?Will it be necessary to have a provision in the AOA for such transfer of shares?How stamp duty could be calculated in case of transfer of shares by way of gift?

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rajeev sharma (Expert) 24 February 2017
Gift may not be made by one Co to another.

kavksatyanarayana (Expert) 25 February 2017
I am of opinion that "Transfer of shares from one Company to another Company shall be by an arbitrator and after passing order, they can make agreement chargeable to stamp duty as per that State Amendement".

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