CAN SHARES OF A PRIVATE LIMITED COMAPNY BE ALLOTTED & TRANSFERRED ON THE SAME DATE?
Allotment & transfer on same date
Eshan Upasani (Associate Merger and Acquisition) (92 Points)
12 July 2013
Eshan Upasani (Associate Merger and Acquisition) (92 Points)
12 July 2013CAN SHARES OF A PRIVATE LIMITED COMAPNY BE ALLOTTED & TRANSFERRED ON THE SAME DATE?
umaa's legal clinic
(simple solutions for complex legal issues)
(165 Points)
Replied 12 July 2013
Dear Eshan,
1. On allotment date the share certificate may be delivered to you by hand at the company.
2. for transfer of shares board resolution is required and if it is passed on the same day in a duly convened meeting according to the provisions of the act and articles ur shares may get transfered. But it is not so easy.
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