https://www.taxtmi.com/forum/issue?id=2797 The document asks whether a parent company can transfer its entire shareholding in a subsidiary to two director-shareholders and the tax consequences of such transfer and a subsequent land sale. The sole expert reply indicates that under Income Tax provisions any transfer to directors without adequate consideration or for no consideration would be treated as a deemed dividend, triggering tax consequences; no Companies Act procedural analysis or detailed tax-planning steps are provided. en-us Thu, 17 Feb 2011 11:59:32 +0530 Thu, 23 Jan 2025 15:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2797 The document asks whether a parent company can transfer its entire shareholding in a subsidiary to two director-shareholders and the tax consequences of such transfer and a subsequent land sale. The sole expert reply indicates that under Income Tax provisions any transfer to directors without adequate consideration or for no consideration would be treated as a deemed dividend, triggering tax consequences; no Companies Act procedural analysis or detailed tax-planning steps are provided. Discussion-Forum Income Tax Thu, 17 Feb 2011 11:59:32 +0530 https://www.taxtmi.com/forum/issue?id=2797