Dear Respected Members,
To comply with the provisions of Section 187C of the Companies Act, 1956, there should be 2 members in case of Private Limited Company - Form 22B has been filed with ROC.
In my case, The Parent Company (Company "A") is holding 99% shares & one of the director (Mr. X) of the Parent Company is holding remaining 1% of shares
My Queries are as follows :
1. On the 2nd share certficate who is holding 1% shares of the company - whose name we need to mention ?
A. Parent company (Company "A")
B. Director of the Parent Company (Mr. X)
C. Director of the Parent Company (with in the bracket nominee of the Parent Company) { (Mr. X) nominee of the Company "A") }
2. Subsequetly, further shares were allotted to 3rd member (Company "XYZ")...
Now we are planning to keep Company "A" & Company "XYZ" as members, & want to transfer 1% shares held by the Director of the Parent Company into Parent Company
What procedure to be followed for transfer of shares pertaining to the nominee / Director of the parent company ?
Please revert as early as possible.
CAclubindia
