share transfer

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Prashant kumar nishad (Querist)
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15 October 2009 If there are two share holder in company . i want to enter in company as ashere holder. what will be the process and share must be eqaly divide bitween the three.

Sanjay Kumar Sah

Sanjay Kumar Sah (Expert)
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15 October 2009 As you mentioned, there are 2 shareholders in the company. It implies that the company is a private company. To become sahreholder of a private company, some secretarial procedures are to be followed. One important pre-requisite here to be considered is the authorised capital clause. If the issued capital of the company has already touched the authorised capital limit, it is to be raised by filing the prescribed form along with the prescribed fees for authorisation. Then, the company will allot shares in your name against your apllication and application money. The details of share allotment is to be filed with ROC in a prescribed form.

Also, it is not necessary that share should be equally divided among three. It depends upon the mutual agreement among you three.