Resignation of director of pvt co. and share transfer ?

 

Hello everyone,

Mr. X & Mrs. Y are the 2 directors of a pvtl ltd co holding 5000 shares each.They want permanently leave india and settle abroad.

 

They sold the company to Mr.A & Mrs.A for Rs.100000/- (do not know whether there will be any effect in the books of the company or not ? except that this amt should be mentioned on the share transfer form).

I have filed form 32 for appointment of Mr.A & Mrs.A and when i check "view signatory details" then Mr.A & Mrs.A are also shown as directors.

 

I have planned the following/My Question:

 

1. i have made the board resolution (signed by Mr.x & Mrs.X) for transfer of shares in the name of Mr.A &Mrs.B. Can i fill the share transfer form ? Share certificate printed on thick paper and signed by Mr.X & mrs. x with stamp of the comapany will be fine or Not ?

 

2. Now Mr.X & Mrs.X has to resign so can i file form no.32 for their resignation after share transfer and who shall sign the form 32 Mr.X, Mrs.X, Mr.A , Mr.B or any of them ?

 

Any other precaution that should i take to complete the formality.

Waiting for your reply.

Replies (1)

Answer 2: The form 32 would be digitally signed by any one of the newly appointed director and you will ahve to get teh resignation before they leave and have to file the Form 32.

Answer 1: Yes you have to fill and keep in records the Share Transfer Form in Form 7 B and have to affix the proper amount of Share Tranfer Stamps over that. and Share certificate will be transferred to the new share holders.

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