Regarding tranfer of shares
This query is : Open
04 December 2012
1) whether board meeting is required in private limited company & limited company in case of transfer of shares?
2) if yes then in what is the time limits for the same?
3) when we prepare for minutes it is compulsory to held board meeting in case of private limited company & limited company?
2) if yes then in what is the time limits for the same?
3) when we prepare for minutes it is compulsory to held board meeting in case of private limited company & limited company?
04 December 2012
Hi
Procedure for transfer of shares:
Generally articles contain the details provisions as regards the procedure for transfer of share. Usually following steps shall be followed by a private company to give effect to the transfer of shares:
a) Transferor should give notice in writing for his/her intention to transfer his/her share to the company.
b) The company in turn should notify to the members as regards the availability of shares and the price at which such share should be available to them.
c) Such price is generally determined by the director or the auditors of the company.
d) The company should also intimate to the members, the time limit with in which they should communicate their option to purchase shares on transfer.
Procedure for transfer of shares:
Generally articles contain the details provisions as regards the procedure for transfer of share. Usually following steps shall be followed by a private company to give effect to the transfer of shares:
a) Transferor should give notice in writing for his/her intention to transfer his/her share to the company.
b) The company in turn should notify to the members as regards the availability of shares and the price at which such share should be available to them.
c) Such price is generally determined by the director or the auditors of the company.
d) The company should also intimate to the members, the time limit with in which they should communicate their option to purchase shares on transfer.
04 December 2012
Hi
Form-7B validity is only two months from the date mentioned in such Form. So between that period shuch transfer should be take effect.
Form-7B validity is only two months from the date mentioned in such Form. So between that period shuch transfer should be take effect.
04 December 2012
Yes, you need to hold Board Meeting, as the transfer must be noted in the Board Meeting.
04 December 2012
Sir my question is that when we should hold board meeting..Is it before or after the date, which we are mentioned in form -7B for the purpose of preparing Board Meeting Minutes.
In case of limited company is board approval is necessary..
Please mention the provisions regarding both type companies..
In case of limited company is board approval is necessary..
Please mention the provisions regarding both type companies..
05 December 2012
Hi
In private company two board meeting is required one is before transfer and second is for registering transfer in to transfer book.
In public company only one board meeting is required for registering of transfer if all document of transfer is complete.
In private company two board meeting is required one is before transfer and second is for registering transfer in to transfer book.
In public company only one board meeting is required for registering of transfer if all document of transfer is complete.
05 December 2012
Sir thanks for your valuable advice please provide me two type resolution in case of private company for preparing minutes `and one type resolution in case of public limited company for same purpose.
05 December 2012
Sir please guide me. I have urgent
05 December 2012
sir, please guide me i have urgent.
05 December 2012
send ur email id for the same.
05 December 2012
prathamg1@gmail.com
05 December 2012
I think, u got the same.
06 December 2012
Sir i got but you told me in case of private company two resolution is necessary but it is only one resolution....and in case of public company i have no any resolution.
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