BUYING SHARES FROM A SHAREHOLDER

This discussion clarifies the process and minimum pricing for a director purchasing shares from another shareholder in a private company. The transfer follows procedures outlined in the company's Articles of Association and Section 56 of the Companies Act, 2013. The share price is determined by Rule 11UA of the Income Tax Rules, 1962, and the formalities remain consistent whether the transaction is between a director and shareholder or between two shareholders.