Share transfer

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Alok Purohit (Querist)
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17 January 2015 Is there any provision in companies act 2013 that a company cannot transfer more than 25% of its shares in a financial year.

plz reply at (lkpurohit29@gmail.com)

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c.bakshi

c.bakshi (Expert)
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20 January 2015 A company wants to buy back its shares or a shareholder wants to transfer their shares..

if the company is willing to purchase its own shares then they may do so by passing a special resolution and taking approval of members ..upto 25% of share capital of the company

and there is no limit on the shareholder to transfer it holdings to another person, he/she can sold their entire shareholding with appropriate instrument of share transfer