Private company difinition
This query is : Resolved
Ca Subhash Kumar
(Querist)
10 October 2013
As New Difinition of Private Compnay Section 2(68) of Comapnay law 2013,
There shall be restriction on transfer of share?
Means shareholders cant be changed?
once alloted to a persion, it shall continue with him?
Is it correct?
There shall be restriction on transfer of share?
Means shareholders cant be changed?
once alloted to a persion, it shall continue with him?
Is it correct?
Ajay Mishra
(Expert)
10 October 2013
Hi
This line is same as given in private company definition as given under section 3(1)(iii) of the Companies Act, 1956.
So in New CA, 2013 there is no changes in transfer provision. Yes shareholder will first intimate to the company for transfer of shares.
This line is same as given in private company definition as given under section 3(1)(iii) of the Companies Act, 1956.
So in New CA, 2013 there is no changes in transfer provision. Yes shareholder will first intimate to the company for transfer of shares.
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