https://www.taxtmi.com/acts?id=12662 Payments made pursuant to arrangements connected to a transfer, made within prescribed timeframes and where the company or transferee was privy, are deemed to have been received in trust for recovery purposes; excess price or other valuable consideration given to retiring or abolished-office directors is treated as compensation for loss of office or retirement, while bona fide damages and pension-type payments are excluded and disclosure obligations remain preserved. en-us Fri, 13 May 2011 18:51:41 +0530 Fri, 13 May 2011 18:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12662 Payments made pursuant to arrangements connected to a transfer, made within prescribed timeframes and where the company or transferee was privy, are deemed to have been received in trust for recovery purposes; excess price or other valuable consideration given to retiring or abolished-office directors is treated as compensation for loss of office or retirement, while bona fide damages and pension-type payments are excluded and disclosure obligations remain preserved. Act-Rules Companies Law Fri, 13 May 2011 18:51:41 +0530 https://www.taxtmi.com/acts?id=12662