transferability of shares of a PVT Ltd. Co.
This query is : Resolved
12 August 2008
there are two companies A(Ltd) & B(Pvt. Ltd) both have same promoter X. Company A have made investment in the shares of B. During the year A sells the shares of B to X. Is this Transferability allowed by company law as the main characteristic of PVT Ltd. is non transferability of shares.
13 August 2008
What does the clause relating to transfer in the AOA say?
18 August 2008
DOES IT MATTERS IF THE AOA OF PVT COMPANY ALLOWS THE TRANSFERABILITY OF SHARES?
19 August 2008
Under Sec.3(1)(iii)(a) of the Companies Act, 1956, restrict the transferability of shares of the Private Company and not prohibits. The transfer said by you is absolutely valid subject to approval of Board of Directors of Company B.
The Board shaould approve the transfers, since shares of private Companies are not freely transferble.
The Board shaould approve the transfers, since shares of private Companies are not freely transferble.
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
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- LTCG for Assmt year 26-27
- What is provisional receipt number for generation of form 16A
- TDS related Query_Liquidated Damages
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
