sale of private limited company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 March 2010 I am holding 20 percent shares in a private limited company in kolkata I want to sell my holding at a fair price(and someone is willing to buy that). How do I proceed?
another 3 stake holders are also willing to sell total 80 % shareholders want to sell. another 20% holder is refusing to sell.
please advise ASAP

Rasesh

Rasesh (Expert)
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30 March 2010 Unless the articles restrict the sale of shares, you can sell your stake freely at price that you may determine in accordance with the valuations of the company.

If the articles state that the stake should be sold to existing members only or after permission of existing members, then there could be some problem.