Buy a pvt ltd company

Hi,

I would like to buy an existing Pvt. Ltd. Company, which is legally registered. Is it legally possible? If yes, what are the procedures to be done?

The existing company has

  1. 3 members in Director Board. (How to settle all?)
  2. An existing office (I would like to change the office/location within the city)

Please advise!!

Replies (1)

Yes you can legally buy a private limited company. For which some steps are to eb followed which are:

1. Take resignation from the existing directrs, file form 32 for their resignation and for appointment of the new directors.

2. Get the share transfer deeds signed from the share holders of the company in name of the new share holders to whom the shares will be allotted.

3. Then you may change the/ shift the registered office of the company

4. The company will legally then be trasnsferred to the new directors.

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