Ours is a Pvt Ltd Co in real estate. Promoters cum Shareholders are now signing SH4 with back dated July 2014.
This is not getting recorded externally.
Is it legal ? Any other lawful routes.
Please guide
Jayanta Bandyopadhyay 19 August 2024
Ours is a Pvt Ltd Co in real estate. Promoters cum Shareholders are now signing SH4 with back dated July 2014.
This is not getting recorded externally.
Is it legal ? Any other lawful routes.
Please guide
T. Kalaiselvan, Advocate (Advocate) 19 August 2024
You have not given proper details of the issue against which you are seeking legal opinion.
Some background details are to be furnished in order to render you proper opinion.
Jayanta Bandyopadhyay 19 August 2024
Sir
We are unlisted pvt ltd company[family run]. Our 2 directors purchased shares from another company [ real estate] in 2015 and due to failure, are selling out those shares to previous stake holders.
From our side
We arranged board resolution and SH4. Later on to be reported on MCA Portal.
My query is whether this is to be notified to Income tax dept and how to fix up transfer price, as loss has almost eaten up 50% net worth. Should we make valuation report from CA?
Trust clarity is there.
Regret for ambiguity earlier
Regards