Claiming rights after willfully transferring shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2013
In a Private limited company can an individual after having transferred their shares to other share holders for a consideration justified by the company's auditors and in accordance with the Articles of Association claim after 2 years a right to the current value of their shares by claiming that they transferred their shares when the company was a liability company and currently is profitable? Please provide your expert views.
16 January 2013
If the transfere transferred the shares as pledge which means no valid consideration was paid and the shares are not transferred for ever it is only for a limited period and after the resonable period is over then the transferer can re-call the shares by paying the original consideration plus something to claim his shares back.
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