Can any body tell me ........................
1) Can pvt limited ( ABC Pvt Ltd) issue shares to outside party ( not a family member or relatives or freinds)
Suppose issue 100000 share @ Rs. 100 each as on 13/10/2011
2) as on 31/3/2012 ABC Pvt Ltd. buy back the same share which was issued to non relatives as above at rs. 10 each shares
Can pvt limited make the above transaction?????
If yes wht is the income tax effect on loss of the shares buy back??????????????
