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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Transferring shares
Replies (1)
| 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
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