Sandeep Balu Shedbale (student) (34 Points)
19 May 2016
Jatin Bajaj
(CS)
(2928 Points)
Replied 19 May 2016
In case of Transfer of Shares of a Private Company, First of all check the Articles of the Company weather it contains any restriction or not.
As per Right of Pre- emption Such shares shall be offered to existing members of the Company, at a price detemined by the Directors of the Company or by auditor. if no existing member is willing to take the share then shares are transfered to outsider.
Shares are sold to other members at the fair price determined by the Directors or other auditors of the Company.
An instrument of transfer along with transfer deed shall be in physical Form SH5 and every instrument of transfer shall be delevired to the Company within 60 days of execution.
Transfer of Shares can only be made and valid with prior consent of Board of Directors and Shareholders
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