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?
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Transfer of shares where there are 2 shareholders
Replies (4)
Dear ma'am
yes share can be transfer and.after transfer.also company will consider as private limited.company.
if u want process for transfrr of.shares then mail me.at
csdiveshgoyal @ gmail .com
i will mail u my article on this
Dear ma'am
yes share can be transfer and.after transfer.also company will consider as private limited.company.
if u want process for transfrr of.shares then mail me.at
csdiveshgoyal @ gmail .com
i will mail u my article on this
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.
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