Zarra.Belal.Nomani (CS Final B.com CA Final.) (167 Points)
15 May 2014hello
after the transfer as per form 7b has been executed ,then what is to b done with the form , does the form is needed to b sent to roc .
how will mca update its databse regarding such transfer ?? though form 20b will include such details but it wil be only after the end of the concerned year. is there a way to update the database regardin such transfer immediately ???
can a private company transfer its shares to a private company
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 15 May 2014
No need to send form to ROC. ROC does not maintain register of members of all companies on real time basis. It is maintained by company only. Shares can be transferred to another private company also.
Zarra.Belal.Nomani
(CS Final B.com CA Final.)
(167 Points)
Replied 15 May 2014
thank you sir
but who will sign the from 7 b on behalf of company ?????
Zarra.Belal.Nomani
(CS Final B.com CA Final.)
(167 Points)
Replied 15 May 2014
sir who will sign the share transfer form 7b on behalf of company if shares are transferred to private company
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 17 May 2014
Agree with Agrawal Sir....no need to send the transfer intimation to ROC.....
As regards the signatory, any director of the transferee company, duly authorised can sign the same with Company's stamp...
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