Shares Issued to Third Party at Payee's Request Not Considered Debt; Transferable and Eligible for Dividends.

Shares Issued to Third Party at Payee's Request Not Considered Debt; Transferable and Eligible for Dividends. https://www.taxtmi.com/highlights?id=54531 Initiation of CIRP - The payment received for shares, duly issued to a third party at the request of the payee as evident from official records, cannot be a debt, not to speak of financial debt. Shares of a company are transferable subject to restrictions, if any, in its Articles of Association and attract dividend when the company makes profits. - SC en-us Sat, 29 Aug 2020 13:26:41 +0530 Sat, 29 Aug 2020 13:26:41 +0530 TaxTMI RSS Generator Shares Issued to Third Party at Payee's Request Not Considered Debt; Transferable and Eligible for Dividends. https://www.taxtmi.com/highlights?id=54531 Initiation of CIRP - The payment received for shares, duly issued to a third party at the request of the payee as evident from official records, cannot be a debt, not to speak of financial debt. Shares of a company are transferable subject to restrictions, if any, in its Articles of Association and attract dividend when the company makes profits. - SC Highlights Insolvency and Bankruptcy Sat, 29 Aug 2020 13:26:41 +0530 https://www.taxtmi.com/highlights?id=54531