Shareholding
This query is : Resolved
Divya Prasad
(Querist)
12 May 2015
There are two shareholders in a company. Mr. A holds 98% of shares and Mr. B holds 2%. Now Mr. B intends to sell his holding to Mr. A, which makes him 100% shareholder in that company. Is this possible?
The company cannot convert itself to one person Company as its paid up share capital is more than 50 lakhs and T/o is more than 2 Crore.
my query is, can the concept of nominee shareholder be applied here? If yes, what is the practical implication of it?
Please assist.
The company cannot convert itself to one person Company as its paid up share capital is more than 50 lakhs and T/o is more than 2 Crore.
my query is, can the concept of nominee shareholder be applied here? If yes, what is the practical implication of it?
Please assist.
Pratik Shah
(Expert)
14 May 2015
I think Nominee concept does not apply here.
Practically, you can transfer one share to his/her relative. That would be perfectly possible.
Practically, you can transfer one share to his/her relative. That would be perfectly possible.
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