LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

transfer of share

Malobika Ghosh (112 Points)

05 September 2019

If article of association do not provide to transfer share .Can share be transferred?

Reply
Follow
Share

2 Replies

Jatin Bajaj (CS) (2928 Points)
Replied 05 September 2019

Usually private Company restricts the transfer of shares. But if there is restriction in Articles of Association, the articles shall be amended first

Sai Chandu Reddy (CA Article Assisstant) (159 Points)
Replied 04 November 2019

There is restriction on transfer of shares in case of private limited company.If AOA is silent on. transfer of shares company cannot transfer the shares articles of company needs to be amended to provide for transfer of shares.
Hope it helps.
-Sai Chandu Reddy