Share transfer of private company

Piyush Shah (Director) (30 Points)

08 August 2016  

Hi,

I and my mother has 50% each holding in a private limited company (registered in Jaipur). We both hold 5000 shares each (Face Value INR 10) and we are the only two Directors in the company. One of my known associate has shown interest in investing in the company by acquiring ~30% shares. We intend to transfer 15% each holding. Need to know the procedure regarding the transfer share.

What I know:

1) A notice from shareholder to Company's BoD for intention to share transfer (have the specimen draft as well. got from this website only)

2) Company will issue notice to all shareholders for availibility of shares to other shareholder. Need the specimen example to highlight shares' availibility, price fixation and time period in which other shareholder can come forward and buy if they wish.

I am not clear after this what stesp should be taken

SH-4 should be filled when, where i get this registered, do i need to submit copy to MCA etc etc.

Please help. Thanks Prashant