banner_ad

Blank transfer DOUBT

784 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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details