can we put a clause in AOA of a Pvt ltd company (3 directors) that if a director wants to sell / transfer shares, he will transfere to existing shareholders (i.e. remaining 2 people)???
charudatta (auditor) (191 Points)
11 July 2013can we put a clause in AOA of a Pvt ltd company (3 directors) that if a director wants to sell / transfer shares, he will transfere to existing shareholders (i.e. remaining 2 people)???
Sarvesh
(Company Secretary)
(179 Points)
Replied 11 July 2013
Yes, a Pvt Ltd Company can put such clause in its AOA.
charudatta
(auditor)
(191 Points)
Replied 11 July 2013
can public company put such a clause????(non listed??)
CAclubindia
