Regarding transfer of shares
This query is : Resolved
21 February 2012
sir i want to know that is there any mandatory requirement in company law to held a board meeting and take approval of board for transfer of shares in private and public company. if we transfers the share without board approval then what is the penal provisions.
Ajay Mishra
(Expert)
21 February 2012
Yes
If you are making investment in the share capital or disinvestment, then it is required to take board Approval. Board are the representative of the Company so it will take decision on behalf of the company.
Regards
If you are making investment in the share capital or disinvestment, then it is required to take board Approval. Board are the representative of the Company so it will take decision on behalf of the company.
Regards
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