Sale of shares as per companies act
This query is : Resolved
08 May 2023
Hi,
Can any shareholder of private limited sale his shares to outsider ??
If yes, then in how many days consideration should be received ??
If not received within prescribed time then what will be the consequences ??
What are the provisions of companies act, 2013 related thereto ?
Can any shareholder of private limited sale his shares to outsider ??
If yes, then in how many days consideration should be received ??
If not received within prescribed time then what will be the consequences ??
What are the provisions of companies act, 2013 related thereto ?
08 May 2023
Yes, shares can sold to outsider
Time limit is one or two days.
If payment not received within the time limit sale agreement will be cancelled and shares will not be transferred.
Time limit is one or two days.
If payment not received within the time limit sale agreement will be cancelled and shares will not be transferred.
08 May 2023
this time limit is mentioned anywhere ??
08 May 2023
It's as per agreement for sale nowhere it's mentioned.
25 May 2023
Before selling any shares to the outsider, please refer Company's Articles and if the shares are not transferred as per the timeliness mentioned in the Share Purchase Agreement, the deal shall stand cancelled and shares cannot be transferred.
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