Sale of stake by a director to the company
This query is : Resolved
11 December 2015
Mr.A director having more than 51% stake in both X.ltd and Y.ltd, and Y.ltd holds 10% stake in X.ltd.
Can Mr.A sell his holdings in X.ltd to Y.ltd?
is there any violation of companies act,2013?
11 December 2015
There is no any violation of companies Act 2013. if its listed company then SEBI(SAST) regulation, 2011 need to be complied by Y ltd.
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