Non inclusion of name of buyer
Dhiraj Bagri
(Querist) 12 July 2011
This query is : Open
Respected Members,
Need your valuable opinion on the following issue: -
A, B, C and a company say - XYZ Ltd had bought a Land of Rs.60 Lacs.
(A, B & C are the shareholders of the company)
They had paid their respective shares to the buyer in proportion as follows: -
A - Rs.10 Lacs
B - Rs.10 Lacs
C - Rs.15 Lacs
XYZ Ltd - Rs.25 Lacs
In the conveyance deed following has been shown: -
1). Land value of Rs.35 Lacs instead of Rs.60 Lacs has been shown.
2). Name of XYZ Ltd has not been shown inadvertently but of A , B & C has been shown.
I need to know what is the solution to include the name of XYZ Ltd in the conveyance deed or is there any other way out to solve this situation.
Expect your co-operation wrt the above.
Thanking you
Dhiraj Bagri
