Legal Question in Legal Ethics in India
hi
i started a pvt ltd in 2011 and own 60 percent shares.right now im selected as custom inspector in central govt . to join govt job is it necessary to sell shares or become sleeping partner. if yes than what are the maximum no of shares i can own by which my job cant affect. my no is 9891158072/8430385777
Asked on 10/14/15, 10:05 pm
1 Answer from Attorneys
it is not problem,what is your holding of share,but you have to hold 49%,remaining of first relationship transfer to it.you have to make Managing Director.you have to disclose to your incharges of your dept and you have to reflect to your income tax return above process.
thank you.
waiting of your reply
regards;
Mohd Mahboob
Acb speciall case
advocate
e-mail:[email protected]
Answered on 10/15/15, 10:59 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
