Share certificate and share transfer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2015
Dear Sir / Madam,
A pvt ltd comp was formed in mumbai on 30-3-2015. It has still not opened the bank account and therefore, subscribers has still not paid their respective amounts.Even share certificates are not printed bec share capital is not paid-up.
Now, at this stage, if a subscriber wants to transfer some percentage of his subscribed shares to a new comer, can he do so ? If yes, what will be the procedure ?
My email id is : get2amin@rediffmail.com
Thanks in advance
A pvt ltd comp was formed in mumbai on 30-3-2015. It has still not opened the bank account and therefore, subscribers has still not paid their respective amounts.Even share certificates are not printed bec share capital is not paid-up.
Now, at this stage, if a subscriber wants to transfer some percentage of his subscribed shares to a new comer, can he do so ? If yes, what will be the procedure ?
My email id is : get2amin@rediffmail.com
Thanks in advance
14 May 2015
It is not possible. If share certificates are not issued yet, person can not transfer the shares.
To transfer the shares, the pre-requisite is to surrender the original share certificate.
you need to wait till the amount is paid and share certificates are issued.
To transfer the shares, the pre-requisite is to surrender the original share certificate.
you need to wait till the amount is paid and share certificates are issued.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- CREDIT NOTES WITHOUT GST
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- 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
- LLP audit under companies act
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
