Transfer of shares
This query is : Resolved
28 December 2013
XYZ pvt ltd has only 2 directors. One of the director wanted to transfer all his shares to outsider. Can he do so?
Can we use a same form 32 for resignation of one director, who has transferred all his shares and appointment of 2 new directors, who will be transferee of sahres
Can we use a same form 32 for resignation of one director, who has transferred all his shares and appointment of 2 new directors, who will be transferee of sahres
28 December 2013
Yes the director can transfer the shares to outsider. No issues unless something specifically contained in Articles.
No you have to use two different form 32 since there are only two directors in the company i.e., minium requirement. So first appoint the other two as directors and file form 32 and then file another form 32 for the outgoing director.
No you have to use two different form 32 since there are only two directors in the company i.e., minium requirement. So first appoint the other two as directors and file form 32 and then file another form 32 for the outgoing director.
28 December 2013
Sir, then the director transferring shares will not have any share(not even one)
28 December 2013
No issues with that. In any case he is giving resignation and new director will be appointed.
28 December 2013
Thank you sir
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