Change in share holding pattern

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Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2012 Can a private company transfer shares from one individual to another after mutual consent and give effect to change in share holding pattern before ROC approval. The Company will take ROC approval later. Can the new share holding be considered as valid till ROC approval.

Ajay Mishra

Ajay Mishra (Expert)
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06 June 2012 Hi

Company can not do so, only shareholders can do so.

A shareholder of a company can transfer his/her shares to others and the company will take effect of such transfer if all document is validly deposited with company.

The above transfer details u will send with ROC in Annual Return. The shareholders details from last AGM till current AGM will be send by company in Form-20B with ROC with in 60 days from the date of AGM.

Regards

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