23 September 2008
We are a private ltd company. 50%of the shares of our company is held by one of our group company A ( pvt ltd).
Now Group company A wants to transfer its shares to another group company B (pvt ltd). Please tell me, whether Cmpany A can transfer the shares at Par value to Company B or is there any procedure to treat differently. As all are private limited companies I feel that I can transfer at Par.
Please advice.
please also send relvant provision to my mail id ramprasad@rksbbdo.com
CAclubindia
