Transfer of shares

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CA Praveen Chopra

CA Praveen Chopra (Querist)
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20 May 2009 Can shareholders of pvt ltd company transfer it`s holding to anothers ?

Ankur Garg

Ankur Garg (Expert)
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20 May 2009 Yes, Shareholder of pvt ltd company can transfer his holding to anothers subject to the approval of board of directors.

Approval of transfer by board is mandatory.

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Manikanta Raju CA,CWA,(CS)

Manikanta Raju CA,CWA,(CS) (Expert)
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20 May 2009 As our friend ankur rightly siad , approval of share holders is mandatory, and the transfer of shares must be with in the family members and kith and kin of share holders since it is private company

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Ankur Garg

Ankur Garg (Expert)
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21 May 2009 Hi Mani,

Let me correct you. approval of shareholders for transfer of share in a pvt company is not necessary at all.

In my previous answer i mentioned Shareholder of pvt ltd company can transfer his holding to anothers subject to the approval of board of directors.

Approval of board of directors is mandatory.