26 May 2013
i have a private limited company with two directors with 100000 capital.Both the directors have 5000 no of shares. We want to introduce one more director and both the director will give 1000 shres to that new directors.
I want to ask that what is the producer i have to follow? Please help me Thanking All.
29 May 2013
for share transfer, AOA restricts the transfer , then we need to take the consent from the shareholders of the company to transfer the share to the new director. Further share transfer deed is to be executed etc.
14 July 2013
First you have to procure the DIN number for the new director and then You have to transfer the existing shares of the company to the new director at market value which means the price to be valued as per the last balance sheet and then you have to procure form 7B which is to be filled up with name of the company, number of shares and value then you have to get the franking done by payment of stamp duty and then the signature of the transferor and transferee to be done and with the physical certificate you have to lodge with the company which will be passed in the BOD meeting and in this manner it will be transferred. The receipt and payment transaction for the shares will be between the directors and not with the company. You have to file form No. 32 for fresh director
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