08 July 2017
Dear Sir, we want to transfer the shares of an employee of a pvt ltd company to the third party(outsider). the company wants to fire the employee and transfer his shares to outsider. Currently the value per share of the company is Rs. 1100/- but the company wants to transfer the employee shares @ Rs.100/- per share to the outsider. Can the company transfer the shares at discount as per the Companies Act 2013. Kindly please solve the query and suggest me how to transfer the shares and at what price????
12 July 2017
what is the face value of share? Since you are saying something about DISCOUNT, let me assume the Face Value to be Rs.1000/- The answer is YES, the share can be issued at discount.
CAclubindia
