Shares purchased at higher rate

This query is : Resolved

Harshita (Querist)
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02 April 2012 WHETHER I CAN SELL SHARES AT A RATE HIGHER THAN THE MARKET PRICE TO A PRIVATE LIMITED COMPANNY...

SHARES MARKET PRICE LISTED IN STOCK EXCHANGE = 150..

I WANT TO TRANSFER THESE SHARES OFFLINE BY DEMAT TRANSFER AND SALE VALUE WILL BE BY RS. 500 RS.

HOW WILL THAT COMPANY JUSTIFY THAT INSTEAD OF PURCHASING THOSE SHARES ON STOCK EXCHANGE... IT HAD PURCHASED SHARES AT A HIGHER PRICE FROM ME...

VIVEK SHARMA

VIVEK SHARMA (Expert)
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03 April 2012 Company cannot justify it unless it is strategic purchase, which I don't think is the case here.