Can a director of a pvt. ltd. company with 80% of the stake transfer 2% of his own stake to another person in return of some investment in the company?
What should be the procedure involved and what documents need to be prepared?
Pradeep Raul (Investor) (29 Points)
19 May 2011Can a director of a pvt. ltd. company with 80% of the stake transfer 2% of his own stake to another person in return of some investment in the company?
What should be the procedure involved and what documents need to be prepared?
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 19 May 2011
| Originally posted by : Pradeep Raul | ||
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Can a director of a pvt. ltd. company with 80% of the stake transfer 2% of his own stake to another person in return of some investment in the company? What should be the procedure involved and what documents need to be prepared? |
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Hi Pradeep
In my view
Mere share transfer vide Share transfer form ( Form 7B) should do between Transferor & Transferee.
As he is director and the other person making investment in company, the matter needs to be noted in Board
meeting and in minutes.
Other views solicited.
regards
Santosh Shah
CAclubindia
