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Restriction on Transfer of shares in Private Companies



A private company is defined as a company which by its articles, Restricts transfer of its shares in prescribed manner. Prohibits invitation to public to subscribe for its shares Limits its members to 50 (now 200) and Prohibits acceptance of deposits from public other than members.

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About the Author

CA & CS

I am Pradeep Garg CA CS with over 30 years experience of handling finance, accounts, audit, taxation company law matters in various MSME class manufacturing units firms.


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