A Pvt ltd Company which is into aquaculture wants to sell one of its land to a buyer for 20Cr. The director wants to transfer the other land of the company in his personal name, but wants to execute that transaction only after the buyer transfers the advance of Rs 10Cr. to the company. I wanted to know whether an agreement for sale of shares of the company (considering the value of the company is 20cr) can be entered against which the advance can be given ? If so, in this agreement, whether it can be mentioned that the other piece of land can be excluded from this agreement ? What would be the capital gain implication on the entire transaction.
I didn't get your question properly you are selling two land one to outsiders and other one to director then from where did the transfer of share come into picture?
Why do you need to mention that other piece of land is different both are different then why we need to mention it in first agreement.
Please elaborate the transaction properly.
Dear Sir,
Hope you are doing well !!
I could not understand your question, could you please elaborate a bit more?
Thanks & Regards,
Payal Chhajed
Hi
Please elaborate your query. We are not able to understand it. What is the deal?
