Transfer of shares - section 8 company

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In case of a section 8 company which is wholly owned subsidiary of another section 8 company, can the shares be purchased by other persons at face value ?
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ya offcose a company registered under this section shall amalgamate only with another company registered under this section and having the same objective yes they purchase share at face value

Can members of section 8 company transfer it shares/capital to another person?

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