Share transfer and retirement of directors

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Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2015 private limited company has two director having 50% holding for both. now sir how to transfer the share as well as directorship to another two person. as both director want to retire and transfer the share, so guide me what process i should follow

Pratik Shah

Pratik Shah (Expert)

20 July 2015 You can first appoint new directors in General meeting.
Once they are appointed, in next board meeting, you can approve transfer of shares and in this board meeting itself, take note of resignation of old directors.

Ankur Garg

Ankur Garg (Expert)

21 July 2015 Agree with expert opinion.

Find below relevant procedures:

1. Procedure for appointment of Additional Director in CA 2013

https://www.caclubindia.com/articles/procedure-for-appointment-of-additional-director-in-ca-2013-20653.asp

2. Procedure for resignation of Director under Companies Act, 2013

https://www.caclubindia.com/articles/procedure-for-resignation-of-director-under-ca-2013-21155.asp#.U89qraO816Y

3. Procedure for Transfer of Shares under Companies Act, 2013

https://www.caclubindia.com/articles/procedure-for-transfer-of-shares-under-companies-act-2013-21623.asp#.VA1SK6NqOZQ

Thanks

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