01 May 2020
In a Private Ltd Co., having 3 shareholders, say for example A:B:C hold Rs. 50,000 each as paid up capital, total amounting to Rs. 1,50,000.
Now Mr. C wants to transfer all his shares worth Rs. 50,000 to Mr. D.
So, in this situation I would like to know few things to complete the procedure,
1. Should Mr. D transfer Rs. 50,000 to Mr. C's personal account or to the Company ? 2. SH-4 form once duly executed by the transferor and transferee, do we need to file PAS-3 or any other ROC compliance for the share transfer ?
02 May 2020
1. c's personal account as C sale his shares and not the company 2. duly stamped and executed deed presented to the company to enter D's name is the register of member
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