Selling shares for cash

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Hi

can we sell equity shares of a private limited company to another person and recieve the payment by cash.is there any restriction for the amount recieved through cash.Or is it compulsory to recieve the amount through cheque/dd.

 

Replies (3)
you can sell hshares of pvt ltd but only through a/c payee cheque
Hi Can I know which Act or section specifies that
it act 1961

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