TRF of shares

[satbir singhwahi]

Shares of closely held public limited company are transferred at fmv . But the consideration i.e amount payable is pending.But SH 4 signed by both parties.Whether any default under income tax or companies act

[satbir singhwahi]

Sir

pls reply

AI Summary

Share transfer at fair market value raises whether unpaid consideration constitutes default under tax or company law. Transfer of shares in a closely held public limited company at fair market value with consideration unpaid despite executed Form SH-4 raises whether such facts constitute default under income-tax law or the Companies Act, focusing on the legal effect of a signed share transfer instrument where payment remains pending and the attendant tax and company-law compliance obligations.