transfer of shares

Statutory provisions related to transfer of share one should refer the following sources:

• Section 56 of Companies Act, 2013• Rule 11 of Companies (Share Capital & Debentures) Rules 2014• Provisions given in model articles of association given in Table ‘F’ of Schedule-I

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.

Refer :https://www.commerceduniya.com/2015/06/12/procedure-for-transfer-of-shares-under-companies-act-2013/

If article prescribes nothing then compny on receipt of the notice of interest to transfer shall intimate existing members and give them option to apply,  if no members shows any interest then it can be transferred to outsiders. 

Originally posted by : jatin sharma
	its depend on the transferror

but all existing shareholders will be offered or aa single existing can also be offered all the shares of transfereeree