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Transfer of shares

This query is : Resolved 
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(Querist)
05 August 2011 A share holder of the non listed limited company,wants to sell his share in Rs. 200/- to his friend where as the book value of the share is Rs.50/- and face value of the share is Rs. 10/-.

Further above non listed limited company is also going to issue share capital on premium of Rs.140/- per share.

Is there any complicacy in above transactions for share holder or a company?
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
05 August 2011 Yes, He can transfer that share at 200/-.
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Dharmendra Jain

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Dharmendra Jain (Querist)
05 August 2011 Thanx 4 ur reply.pl also answer for Is company can issue share on d premium of Rs. 140/- ?
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
06 August 2011 yes, company can issue share at 140/- premium
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