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transfer of shares in private limited company

Shreyas Trivedi (Chartered Accountant - Student) (16 Points)

20 December 2007

Procedure for transfer of shares in private limited company

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S.Srinivasaraghavan (Chief Financial Officer and Co) (11318 Points)
Replied 20 December 2007

This is subject to the Articles of Association of the Company.

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Surendra (CA) (133 Points)
Replied 30 December 2007

Refer Sec 3(1)(iii) of companies act,1956.

Surendra (CA) (133 Points)
Replied 30 December 2007

As per section 82 of companies act, 1956 The shares or debentures or other interest of any member in a company shall be movable property, transferable in the manner provided by the articles of the company.

Kumar (Broker) (22 Points)
Replied 21 November 2009

what is the proceedure to be followed for transfer of shares to one of its directors in a Private limited company

sreedevi (Trainee) (118 Points)
Replied 23 November 2009

Hi Kumar,

As per my knowledge, you have to conduct Board meeting for authorisation of transfer of shares.

For physical transfer, get share transfer form and fill it and get sign from both tranferor and transferee. Affix required stamps, upon value of consideration.

Expert views solicited.

C,J. Sreedevi