one existing shareholder out of 4 shareholders of a private limited company wants to transfer the shares to the outsiders and the other remaining 3 shareholders wants to transfer the shares to the existing shareholder and take a exit. Can it be executed sh-4 on the same day that entry of outsider and exit of remaining existing shareholder.
please suggest
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Transfer of share in pvt. co.
Replies (4)
I think there is no bar ,You have to go according to AOA...But SH 4 will be different for Transfer by Shareholder to Outsider and Remaining Shareholders to Existing Director ,It will be better if proposition is put before Board for Outsider Shareholder and take their nod
In this i need to pass two BR one for entry of outsider first and other for exit of remaining shareholders.
Yes..
Please refer the Articles of Association. There may be the provisions of Drag Along Right
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