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BUYING SHARES FROM A SHAREHOLDER

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trainee
514 Points Posted on 03 October 2022

If a director wants to buy shares from another shareholder of a private company what will be the minimum price at which he can buy ? the book value as per the last balance sheet or some additions are to be made?

Will the formalities change if the transfer is between two shareholders ?

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On 03 October 2022 at 18:22 Report
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The Transferor and Transferee shall follow the process as detailed in the Company's Articles of Association read with Section 56 of the Companies Act, 2013. The consideration shall be fixed in accordance with Rule 11UA of the Income Tax Rules, 1962. The formalities shall be the same regardless.
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On 03 October 2022 at 18:33
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Profession Business
28207 Points Posted on 04 October 2022
Physical purchase is barred.
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On 04 October 2022 at 18:51


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