Restriction on Transfer of shares in Private Companies

CA Pradeep Garg , Last updated: 14 March 2017  
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A private company is defined as a company which by its articles, Restricts transfer of its shares in prescribed manner. Prohibits invitation to public to subscribe for its shares Limits its members to 50 (now 200) and Prohibits acceptance of deposits from public other than members.

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Published by

CA Pradeep Garg
(CA & CS)
Category Corporate Law   Report

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