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Whether a Minor can purchase or sell Company Share ?
A person presented company share for transfer in his favour
but the Transfer Deed accompanied by Company Share is of
such date when the person was Minor.Whether the Company
accept the Transfer Deed and transfer those shares in his
favour.
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Case study 2. After years of good performance. Happy homes apartment building was sold in 2002 for $20, 00,000 and the new owners refurnished all apartment units. In 2003 the apartment building was re-opened. Please analyse the income statement below and explain the income trends. The building has 1600units was built in 1971, and the current loan balance is $16,395,772. Period ended Statement classification (wi) 31/12/06 31/12/07 31/12/08 31/12/09 Occupancy 95% 90% 92% 95% Base rent $1,100,000 $990,000 $950,000 $990,000 Laundry vending $12,000 $11,000 $11,000 $30,000 Parking income $42,000 $40,000 $41,000 $60,000 Other income $3,000 $8,000 $21,000 $20,000 Effective gross income $1,157,000 $1,049,000 $1,023,000 $1,100,000
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AS PER THE AP VALUE ADDED TAX ACT 2005 LEAFLET 14 VIDE ITEM (1)(A) IF AN AGENT SELLS ANY GOODS ON BEHALF OF THE AGRICULTURIST PRINCIPAL HE IS UNDER NO OBLIGATION TO OBTAIN REGISTRATION UNDER THE AP VAT ACT. BUT AFTER ADDITION OF SUB SECTION 10(a) UNDER SECTION 4 WHAT IS THE POSITION OF AGENT WHO SELLS GOODS ON BEHALF OF AGRICULTURIST PRINCIPAL. IS IT NECESSARY FOR HIM TO OBTAIN REGISTRATION UNDER THE APVAT ACT. PLEASE CLARIFY?
Whether a Minor can purchase or sell Company Share ? A person presented company share for transfer in his favour but the Transfer Deed accompanied by Company Share is of such date when the person was Minor.Whether the Company accept the Transfer Deed and transfer those shares in his favour.
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