Share transfer
This query is : Resolved
Alok Purohit
(Querist)
17 January 2015
Is there any provision in companies act 2013 that a company cannot transfer more than 25% of its shares in a financial year.
plz reply at (lkpurohit29@gmail.com)
Thanks
plz reply at (lkpurohit29@gmail.com)
Thanks
20 January 2015
A company wants to buy back its shares or a shareholder wants to transfer their shares..
if the company is willing to purchase its own shares then they may do so by passing a special resolution and taking approval of members ..upto 25% of share capital of the company
and there is no limit on the shareholder to transfer it holdings to another person, he/she can sold their entire shareholding with appropriate instrument of share transfer
if the company is willing to purchase its own shares then they may do so by passing a special resolution and taking approval of members ..upto 25% of share capital of the company
and there is no limit on the shareholder to transfer it holdings to another person, he/she can sold their entire shareholding with appropriate instrument of share transfer
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