Procedure of transfer of shares bwt companies

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Querist : Anonymous

Querist : Anonymous (Querist)

23 January 2013 Company A (public company) holding 8% shares in Company B (Public company). Now company A want to transfer the shares to its parent company which is also a public company. Pls tell me the procedure for transfer....

Ajay Mishra

Ajay Mishra (Expert)
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23 January 2013 Hi

In that take approval of Board for all transfer.

1. Company A will pass board resolution for sale of shares.
2. Parent company will pass BR for making investment in B company and made an agreement of share purchase with company A.

Querist : Anonymous

Querist : Anonymous (Querist)

23 January 2013 thank you sir, whether MOA of both the company required???

Ajay Mishra

Ajay Mishra (Expert)
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23 January 2013 Yes,

Following documents is required:

1. MOA
2. Copy of PAN
3. Board Resolution
4. List of Directors
5. Shareholding of Company
6. List of Directors/Authorised Signatory

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

23 January 2013 Thank you sir for ur timely reply...

Ajay Mishra

Ajay Mishra (Expert)
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23 January 2013 My pleasure.....

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