Transfer of shares
This query is : Resolved
03 October 2009
Mr A & B hold 51% & 49% shares in AB pvt ltd.
Mr A transfers his shares to Mr X.
If Mr A & X don't get the shares registered, will the transfer be valid in law?
Is there any provision for compulsorily getting the transfer registered?
Mr A transfers his shares to Mr X.
If Mr A & X don't get the shares registered, will the transfer be valid in law?
Is there any provision for compulsorily getting the transfer registered?
Ankur Garg
(Expert)
04 October 2009
Without registration share transfer shall be void.
Registration of transfer of share and entry in the register of member is mandatory to become member of the company.
Read section-108 carefully.
Regards
Registration of transfer of share and entry in the register of member is mandatory to become member of the company.
Read section-108 carefully.
Regards
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