Hi
i would like to know if it is accepted according to companies act 2013 to take cash for selling shares of a private limited company.if accepted is there any limit?
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Can we take cash for selling shares of a private limited com
Replies (5)
refer s 42
taxesndia.blogspot.com
Hi
i am not asking regarding private placement of a company.
i would like to know if a person can sell equity shares of a private limited company to another person and receive the sale amount in cash?if yes what is the limit for the amount?
it is a private cimpany so there is a restriction on number of memberz. u need to tranfer the share keeping in mind that no. of member should not increase and yes there is no prov for consideration for shares so u can take money in cash after transfer
of course..
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