transfer of shares
This query is : Resolved
11 December 2010
what will be accounting effect if director transfer his shares by appointing new directors
CA PARAS BAFNA
(Expert)
11 December 2010
No accounting treatment is required for transfer of shares.
Transfer of shares will be recorded in separate registers like Shareholders Register
Transfer of shares will be recorded in separate registers like Shareholders Register
Nikhil Kothari
(Expert)
12 December 2010
No accounting treatment required but, the name of the existing director should be replaced with the name of new director in the book of Register of Members.
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