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Transfer of shares & alteration in MOA AOA.


28 December 2016 Dear, In case of a private company, a director (who is also subscriber to moa & aoa) is going to resign from company. Also he wants to transfer his holding to other existing subscribers. My querry is: 1. whether that will be case of alteration in moa & aoa due to change in list of subscribers. if yes , how compliances would be done? 2. How transfer of shares would be done along with comliances? 3. Any other suggestions to tackle above case to remove one director (also subscriber) from company. Thanks in advance!

28 December 2016 1. It is not a case to alter MOA and AOA.

2. Subscriber to MOA can transfer shares using form SH-4 according to the decision taken in board meeting.

28 December 2016 sir, if i am not wrong, there would be following comliances: 1. Filling of DIR-11,12 (for director resignation). 2. Transfer through SH-4. 3. Reporting in boards report. 4. All resolutions through board meeting. 5. issue of fresh share certificate. Please correct me if required.




28 December 2016
1, 2,3 and 4 o.k
5. No need of fresh share certificate. Endorsement of transfer overleaf of original certificate is enough.

28 December 2016 Please elaborate how practically endorsement of transfer overleaf can be made? whether stamps payment would require? whether this can be made through dsc signature? Thanks in advance!



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