Generally articles contain the details provisions as regards the procedure for transfer of share. Usually following steps shall be followed by a private company to give effect to the transfer of shares: a) Transferor should give notice in writing for his/her intention to transfer his/her share to the company. b) The company in turn should notify to the members as regards the availability of shares and the price at which such share should be available to them. c) Such price is generally determined by the director or the auditors of the company. d) The company should also intimate to the members, the time limit with in which they should communicate their option to purchase shares on transfer.
04 December 2012
Sir my question is that when we should hold board meeting..Is it before or after the date, which we are mentioned in form -7B for the purpose of preparing Board Meeting Minutes.
In case of limited company is board approval is necessary..
Please mention the provisions regarding both type companies..
05 December 2012
Sir thanks for your valuable advice please provide me two type resolution in case of private company for preparing minutes `and one type resolution in case of public limited company for same purpose.
06 December 2012
Sir i got but you told me in case of private company two resolution is necessary but it is only one resolution....and in case of public company i have no any resolution.
CAclubindia
