Can a promoter transfer some of his shares to an individual
This query is : Resolved
27 December 2014
I HAVE FORMED A PVT LTD COMPANY IN AUGUST 2014 WITH AUTHORISED CAPITAL AS WELL AS PAID UP CAPITAL RS 1 LAC . THERE ARE THREE DIRECTORS THEY ARE ALSO PROMOTERS OF THE COMPANY.
MY QUESTION IS WHETHER A PROMOTER CAN TRANSFER SOME OF HIS SHARES TO AN INDIVIDUAL I.E NEW SHAREHOLDER.IF YES WHAT ARE THE COMPLIANCES PLZ REPLY AT cakoderma@gmail.com
MY QUESTION IS WHETHER A PROMOTER CAN TRANSFER SOME OF HIS SHARES TO AN INDIVIDUAL I.E NEW SHAREHOLDER.IF YES WHAT ARE THE COMPLIANCES PLZ REPLY AT cakoderma@gmail.com
27 December 2014
Yes a promoter can transfer the shares to other individual.
The process is as below:
1. Obtain transfer form from concerned ROC.
2. Then submit the transfer form to the company after filling up the necessary details along with share certificate.
3. The company will note the transfer and issue share certificates as per transfer form.
The process is as below:
1. Obtain transfer form from concerned ROC.
2. Then submit the transfer form to the company after filling up the necessary details along with share certificate.
3. The company will note the transfer and issue share certificates as per transfer form.
28 December 2014
By virtue of section 2(68)(i) of the Companies Act 2013,pvt ltd companies have to restrict transfer of shares. Therefore, if the AOA doesn't have an article prohibiting transfer of promoter's share, then the pvt ltd company can transfer such shares.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- Annual return in Gst
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
