An existing Indian Private Limited Company with 10,000 shares has 2 shareholders. 1 shareholder holding 9,999 shares and the other is holding only 1 share. Can the later shareholder transfer his share to the former as per the Companies Act,2013? Also will the entity be still called a Pvt Ltd Co. after such transfer?
But then there will be one shareholder. Is this allowed for a Pvt. Ltd. company?
I am not agree with Mr. Divesh. The building of Companies limited by shares are constructed on shoulders of at least 2 persons who will act as members of the company. So no shares can be transferred in your case which will make the members of the company to ONE.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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