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transfer of shares

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(Querist)
11 December 2010 what will be accounting effect if director transfer his shares by appointing new directors
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CA PARAS BAFNA

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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
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Nikhil Kothari

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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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