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transfer of shares in private limited company
Procedure for transfer of shares in private limited company
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This is subject to the Articles of Association of the Company.
Refer Sec 3(1)(iii) of companies act,1956.
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.
what is the proceedure to be followed for transfer of shares to one of its directors in a Private limited company
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
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