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Transfer of Shares ( AOA AND MOA corresponds to Companies Act 1956 only)


Lovely kumari (Practising CS)     12 November 2019

Lovely kumari
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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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Lovely kumari (Practising CS)     12 November 2019

Lovely kumari
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This AOA is of incorporation only and corresponds to Companies Act 1956

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Ajit Hegde (CA - Final)     13 November 2019

Ajit Hegde
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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.

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Shrikant (Associate)     18 November 2019

Shrikant
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Share transfer will be valid assuming Company has complied with ll requirements of Companies Act, 2013.


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