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Comp law

(Querist) 26 September 2012 This query is : Resolved 
There are 2 public companies Company A and Company B . X is a director of company A and a shareholder in company B. Shares of Company B are freely transferable. If X transfers its share in company A at a price higher than the value of the share (transfers share of 50 at rs 200 to company A) can this transfer be considered as a loan under section 295.
Its Urgent kindly reply
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Guest (Expert) 26 September 2012
Repeated query, as the same exist at the following link also:
http://www.lawyersclubindia.com/experts/Comp-law-341351.asp
Asha (Querist) 26 September 2012
sir that was wrongly post by twice sir,
R.K Nanda (Expert) 26 September 2012
repeated query.

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