banner_ad

Share transfer to a relative of a director

Pvt ltd 237 views 1 replies

Dear all,

When a member in a pvt company, who is also a director in the company wishes to transfer shares to the son of another director of the company, will this count as a related party transaction ?

As far as i understand - No. since this is not a transaction between the company and a relative of the director. It is a transaction between one director and a relative of another director.

Also, can the director-relative of the transferee vote in the resolution item for transfer of the shares in this situation? if think yes, since there is the exemption vide June 5th 2015 notification for pvt companies

Thanks in advance

Regards,

Geetha

 

Replies (1)

Can someone clarify this, Please?

Thanks in advance

Regards

Geetha


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details