Blank transfer DOUBT

791 views 4 replies

What happens when a Pvt ltd company shareholders issue blank transfer

Can they do so?

Because it violates the 'restriction on trasferability of shares' as per sec3(1)(iii) of Companies Act

And what happens when the solicitor of the competing company gets the transfer deed and wants to register the transfer in his name?

can the company impose restriction on this transferability, if yes in whose name the shares should get registered?

Replies (4)

a pvt. company may impose reasonable restriction on transferability .

however it can not impose absolute restrictions on transferability of shares

so it does not  violates sec3(1)(iii)

and other question answer is

refusal by com. is fall under common grounds for refusal to transfer the shares in pvt com...

company can refuse this transfer and shares are being in name of original shareholder

thanks jyotsna

ur wlecome

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details