Regarding share transfer

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shobhna sikka (Querist)
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14 January 2015 Dear experts
one new shareholder want to replace the earlier shareholder by paying to the company share application money and further company will pay to the existing shareholder for the shares allotted to him .Have company to follow some procedure for this change if possible.

c.bakshi

c.bakshi (Expert)
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16 January 2015 As per my views, it is better to transfer the shares between the persons by proper instrument of transfer and the company should not indulged in it. New one has to buy the shares of old one. Company has not any power to expell a member

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