Sales of share holding
This query is : Resolved
25 January 2010
My client is running Private Limited company. In this company there is 2 (two) director They want to appoint 3rd director & sell their some stake to him what will be the procedure to transfer the shares in to name of 3rd director. Which form should be submitted for this to MCA. Plz also provide draft resolution for this.
25 January 2010
Firstly for appointment of 3rd director,
1. The Director should have DIN no. and if not then u have to do necessary DIN related work.
2. If the person has DIN no. then appoint him/her by filling FORm 32 in MCA site.
3. For transfer of share nothing have to file to MCA site...and transfer of shares can also be made before appointing him/her. U just bring form 7B from the stock exchanges putting respective stamp duty on it(i think it is 0.25% of the amount of transfer)and filled the form, take the signature of counterparties.
4. Old certificate by the transferer shareholders should be surrendered and new certificate/s should be issued to the new share holder and to the transferee also if he retain some shares.
5. statutory Register should be updated.
6. And while filing next annual return, detail to be given regarding that in the attachment of Form 20B.
I think that will serve ur ppurpose.
1. The Director should have DIN no. and if not then u have to do necessary DIN related work.
2. If the person has DIN no. then appoint him/her by filling FORm 32 in MCA site.
3. For transfer of share nothing have to file to MCA site...and transfer of shares can also be made before appointing him/her. U just bring form 7B from the stock exchanges putting respective stamp duty on it(i think it is 0.25% of the amount of transfer)and filled the form, take the signature of counterparties.
4. Old certificate by the transferer shareholders should be surrendered and new certificate/s should be issued to the new share holder and to the transferee also if he retain some shares.
5. statutory Register should be updated.
6. And while filing next annual return, detail to be given regarding that in the attachment of Form 20B.
I think that will serve ur ppurpose.
25 January 2010
Thank you very much for prompt reply. I does not create any share certificate. Further shares is not listed at any stock exchange even then I have to submit form 7B?. Further where I have to submit Form 7B.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
