Hello all , there is a company of 1991. We have shown transfer of shares of one shareholder in 2018-19 . The AOA has the power to transfer shares nut the AOA isnt revised . WIll this transfer considered as valid or we need to revise AOA and MOA as per companies Act 2013 . How can we show such transfer in 2018-19
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Transfer of Shares ( AOA AND MOA corresponds to Companies Act 1956 only)
Replies (3)
This AOA is of incorporation only and corresponds to Companies Act 1956
No need to revise AOA. Just pay the stamp duty and keep record of form SH-4. And the transfer shall be reflected in annual returns.
Share transfer will be valid assuming Company has complied with ll requirements of Companies Act, 2013.
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