Share certificate and share transfer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2015
Dear Sir / Madam,
A pvt ltd comp was formed in mumbai on 30-3-2015. It has still not opened the bank account and therefore, subscribers has still not paid their respective amounts.Even share certificates are not printed bec share capital is not paid-up.
Now, at this stage, if a subscriber wants to transfer some percentage of his subscribed shares to a new comer, can he do so ? If yes, what will be the procedure ?
My email id is : get2amin@rediffmail.com
Thanks in advance
A pvt ltd comp was formed in mumbai on 30-3-2015. It has still not opened the bank account and therefore, subscribers has still not paid their respective amounts.Even share certificates are not printed bec share capital is not paid-up.
Now, at this stage, if a subscriber wants to transfer some percentage of his subscribed shares to a new comer, can he do so ? If yes, what will be the procedure ?
My email id is : get2amin@rediffmail.com
Thanks in advance
14 May 2015
It is not possible. If share certificates are not issued yet, person can not transfer the shares.
To transfer the shares, the pre-requisite is to surrender the original share certificate.
you need to wait till the amount is paid and share certificates are issued.
To transfer the shares, the pre-requisite is to surrender the original share certificate.
you need to wait till the amount is paid and share certificates are issued.
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