Transfer of shares to a family member in case of private lim
This query is : Resolved
Raghavendra K S
(Querist)
14 July 2013
hi....can anyone tell me whether members have the right to transfer his shares to any family member in case of private limited company?
Whether such clause to be mentioned in AOA?
Whether such clause to be mentioned in AOA?
Ajay Mishra
(Expert)
15 July 2013
Hi
Yes, you can transfer his shares to your family member with or without consideration and submit the same with original share certificate to the company.
Yes, you can transfer his shares to your family member with or without consideration and submit the same with original share certificate to the company.
15 July 2013
In continuation to Mr Ajay Mishra.....
No need to alter AOA and MOA. Simply the buyer will request the Board of Directors to transfer the shares in his/her name.
No need to alter AOA and MOA. Simply the buyer will request the Board of Directors to transfer the shares in his/her name.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
