Transfer of Company Onership

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 April 2010 hi all
want to knwo the procedure for
1. Resignation of All existing directors + appointment of new directors and transfer of shares ( from all existing share holders) to New Share holders

Rasesh

Rasesh (Expert)
Follow

25 April 2010 Enter into a share purchase agreement between the shareholders of the company and the acquirers which can state all the terms and conditions forthe directorships as well.

For change in Directorships, appoint the new directors on the Board and on the same day, after working hours, take noting of resignation of all old directors from the Board.

The above would be applicable for an unlisted company. Listed company will have other SEBI compliances.