Share Capital
This query is : Resolved
16 February 2011
Mr.X is a director of abc pvt. ltd. co. (unlisted). He is having 95% of the shares. Now he want to issue 500 shares to a new member. But the new shares are to be issued from x's share only thereby not increasing the suscribed capital. Wht is the procedure for that?
16 February 2011
If Company does not want to do the fresh allotment, then simply 500 shares of Mr. X would be transferred to the new shareholder. The procedure relating to transfer will be followed.
16 February 2011
Thankyou Sir,
Can you pls guide me for the procedure.
Regards,
Deepti
Can you pls guide me for the procedure.
Regards,
Deepti
16 February 2011
1 – Check and Ensure that your Articles of Association does not prohibit Transfer of Shares.
2 - Communicate your intention to transfer your shares to the company in writing.
3 - Company notifies the fellow members, about the availability of Shares, Its Price and the Time Limit till which it is available for transfer. The Price is generally determined by the Directors or the Auditors of the Company
4 – If none of the fellow members have come forward to purchase, you can transfer the shares to an outsider by issuing Form 7B
5 – The Company holds a board meeting and approved such transfer (Resolution Format) issues Share Certificate to the Transferee
2 - Communicate your intention to transfer your shares to the company in writing.
3 - Company notifies the fellow members, about the availability of Shares, Its Price and the Time Limit till which it is available for transfer. The Price is generally determined by the Directors or the Auditors of the Company
4 – If none of the fellow members have come forward to purchase, you can transfer the shares to an outsider by issuing Form 7B
5 – The Company holds a board meeting and approved such transfer (Resolution Format) issues Share Certificate to the Transferee
Message likes :
1 times
16 February 2011
Thank You Sir
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
