Annual Return without sign
This query is : Resolved
13 March 2011
Sir,
In a private limited company , annual returns are submitted without any sign of any directors. In this case all the transaction of share transfer mention in those annual return can be cancelled?
Please reply,
Mr. Sumit Khandelwal
In a private limited company , annual returns are submitted without any sign of any directors. In this case all the transaction of share transfer mention in those annual return can be cancelled?
Please reply,
Mr. Sumit Khandelwal
13 March 2011
Yes, AR without signature is invalid.
14 March 2011
Merely because the AR has not been signed as per the provisions of law will not make the share transfers invalid and the same cant be cancelled. The Share Transfer will be completely valid and effectual if done in accordance with the provisions of law.
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