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Sale of stake by a director to the company

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(Querist)
11 December 2015 Mr.A director having more than 51% stake in both X.ltd and Y.ltd, and Y.ltd holds 10% stake in X.ltd. Can Mr.A sell his holdings in X.ltd to Y.ltd? is there any violation of companies act,2013?
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CS Nagesh Rudrakanthwar

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CS Nagesh Rudrakanthwar (Expert)
11 December 2015 There is no any violation of companies Act 2013. if its listed company then SEBI(SAST) regulation, 2011 need to be complied by Y ltd.

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