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Please Help: Transfer of land to pvt ltd company

Posted Date : 24-Jul-2011 , 01:45:54 pm | Posted By: CA.Vipin Chawla

Category : Shares & Stock | Answers : 2| Comments : 4| Hits: 565

Pl clarify whether it is practically possible to tranfer lands to newly formed pvt ltd company. Pl guide the procedure.

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
Posted By : CA Rajnish 25-Jul-2011, 06:53:16
Dear Vipin,My all friends rightly said here,a company has its own identity and sale/purchase any thing under its articles of association.
 
Posted By : CA VIPIN GARG 25-Jul-2011, 10:18:59
Yes Mr. Chawla, there is no restrictions in that, you can easily transfer/sale the land to the Pvt. Ltd. Company........
 
Posted By : Mukesh Goyal, Chartered Accountant 24-Jul-2011, 09:00:04
Hello Mr Vipin The company can hold the property, so anybody can sell the property to the Company.
 
Posted By : CA.Vipin Chawla 24-Jul-2011, 07:58:21
Client wants to transfer his land into company and thereafter transfer in the form of shares.Pl guide the way forward.
 

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