https://www.taxtmi.com/acts?id=38901 Section 50CA does not apply to transfer of unquoted shares of a company, its subsidiary, or a subsidiary of such subsidiary where the Tribunal has suspended the Board of Directors and appointed new directors nominated by the Central Government, and the transfer is made pursuant to a resolution plan approved by the Tribunal after hearing the jurisdictional Principal Commissioner or Commissioner. A subsidiary means a company in which another company holds more than half of the nominal value of equity share capital. en-us Wed, 01 Jul 2020 18:24:40 +0530 Tue, 19 May 2026 13:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38901 Section 50CA does not apply to transfer of unquoted shares of a company, its subsidiary, or a subsidiary of such subsidiary where the Tribunal has suspended the Board of Directors and appointed new directors nominated by the Central Government, and the transfer is made pursuant to a resolution plan approved by the Tribunal after hearing the jurisdictional Principal Commissioner or Commissioner. A subsidiary means a company in which another company holds more than half of the nominal value of equity share capital. Act-Rules Income Tax Wed, 01 Jul 2020 18:24:40 +0530 https://www.taxtmi.com/acts?id=38901