Please Help: Transfer of land to pvt ltd company
Posted Date : 24-Jul-2011 , 01:45:54 pm | Posted By CA.Vipin Chawla
Pl clarify whether it is practically possible to tranfer lands to newly formed pvt ltd company. Pl guide the procedure.
Category : Shares & Stock | Answers : 2 | Comments : 4 | Hits : 567
Answers
Answer By: CA VIKAS JAIN
please clearly ask what you want to do
Answer By: Vikash Kumar Jha
Yes, property can transfer whethe new or old there is no restriction like to the extent of my knowledge
Comments
CA.Vipin Chawla
24-Jul-2011 , 07:58:21 pmClient wants to transfer his land into company and thereafter transfer in the form of shares.Pl guide the way forward.
Mukesh Goyal, Chartered Accountant
24-Jul-2011 , 09:00:04 pmHello Mr Vipin The company can hold the property, so anybody can sell the property to the Company.
CA VIPIN GARG
25-Jul-2011 , 10:18:59 amYes Mr. Chawla, there is no restrictions in that, you can easily transfer/sale the land to the Pvt. Ltd. Company........
CA Rajnish
25-Jul-2011 , 06:53:16 pmDear Vipin,My all friends rightly said here,a company has its own identity and sale/purchase any thing under its articles of association.