Is there any requirement to intimate ROC about share transfer in a private limited company?
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Quick Summary
This discussion clarifies the share transfer process for private limited companies. It confirms that while private companies restrict share transfers via their Articles of Association, details of share transfers must be intimated to the ROC. Specifically, these details should be included in the MGT-7 filing.
Generally a Private Company is guided by its Article of Association. As per Section 2(68) of Companies Act, 2013 Private Company restricts the transfer of shares and prohibit invitation to public to subscribe to any securities of the Company