WebMay 20, 2013 · The assessee submitted that his brother Shri Shiv Singh has sold agricultural lan...consideration of relinquishment of assessees share in the HUF property in favour of his brother, who had sold agricultural land on 12.6.2006 for Rs.12,57,000/- and in th...u/s 142 (1) of I.T. Act and in response, the assessee has filed return of income … WebMar 27, 2016 · Can a HUF can be made a shareholder in a Pvt Ltd company and then give a loan to the said Pvt Ltd Company. Also, in this specific case, the Karta of the HUF is …
Clause (55) Member - ICSI
WebMar 28, 2024 · Share of each generation in ancestral property. 8. Extent of claim over ancestral property. 9. Women’s right in ancestral property. 10. Women’s right in agricultural land. 11. Son-in-law’s right in property of … WebOct 13, 2024 · Let us take an example to understand this situation, a HUF can become the member/shareholder of the company through its Karta only i.e. in the register the name … pennsylvania land records
relinquishment+of+share+in+HUF Indian Case Law Law
WebJan 5, 2024 · A minority shareholder is a person who has less than 50% of the shares in a company. A majority shareholder, in contrast, holds over 50% of the shares within a company and therefore holds a majority of … WebJul 12, 2015 · Liability of huf in case of personal guarantee. If it is HUF property, the mortgage should be for legal necessity of the HUF. As guarantor for the loan of a company Kartha can only bind teh HUF property if it is for family business. Mortgaging HUF property by Kartha for third party laon, cannot be termed as legal necessity, unless HUF is benefited. WebShareholder: 2: Director/Relatives of Director: 3: Employee: 4: Any other Individual Can’t accept 5: Proprietorship Firm ; Can’t accept: 6: HUF Can’t accept: 7: Partnership Firm Can’t accept : 8: Any Company Yes, can accept, but also comply with Sec 186 3 wherein the conditions are specified for the lender: 9: Banks Yes, can accept: 10 tobias glos bayreuth