transfer of shares

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bhavana

bhavana (Querist)
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11 December 2010 what will be accounting effect if director transfer his shares by appointing new directors

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 December 2010 No accounting treatment is required for transfer of shares.

Transfer of shares will be recorded in separate registers like Shareholders Register

Nikhil Kothari

Nikhil Kothari (Expert)
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12 December 2010 No accounting treatment required but, the name of the existing director should be replaced with the name of new director in the book of Register of Members.

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