sale of share
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2010
could a private limited company sale its share to other corporate or indivisual, or is there any way to do so ?
Aditya Maheshwari
(Expert)
13 August 2010
Yes it can do so. But first offer should be made to the existing shareholders. If they are not willing then it can be offered to others i. e. close friends and relatives only and not to public at large.
Also the no. of members are restricted to 50.
Also the no. of members are restricted to 50.
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