Article 9 to 12 of Schedule 1 Table A.
This query is : Resolved
22 June 2009
whether shares subscribed by promoters on company formation which have not been paid for by such promoters can be transferred by the company as per Article 9 to 12 of Schedule 1 Table A.
If yes, then the new shareholders would the transferee shareholders pay the amount to the company
Kindly help me
If yes, then the new shareholders would the transferee shareholders pay the amount to the company
Kindly help me
Ankur Garg
(Expert)
22 June 2009
Yes, Shares subscribed by promoters can be transfered later on.
The transfer amount should go to the promoters as they are the transferor.
The transfer amount should go to the promoters as they are the transferor.
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