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sale of share

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Querist : Anonymous

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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 ?
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Aditya Maheshwari

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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.
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