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Selling of shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2011 SENIOR CITIZEN WAS A DIRECTOR OF PRIVATE LTD COMPANY AND HOLD SHARES OF RS. 300000. ON JUNE 2009 SHE WITHDRAW FROM DIRECTORSHIP BUT STILL TODAY SHE HOLD SHARES OF RS. 300000.PLZ TELL ME WHAT WILL BE THE PROCEDURE IF SHE TODAY WANT TO SELL HER SHARES.IS THERE ANY SECTION APPLICABLE IN THE CASE AS SHE WITHDREW FROM DIRECTORSHIP?

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
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28 October 2011 Share can be sold by following procedure specified u/s 108 of the companies act read with sec 111.

Any changes in the directors should be intimated in Form 32 to MCA.

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