Transfer of shares & alteration in MOA AOA.
This query is : Open
28 December 2016
Dear,
In case of a private company, a director (who is also subscriber to moa & aoa) is going to resign from company. Also he wants to transfer his holding to other existing subscribers.
My querry is:
1. whether that will be case of alteration in moa & aoa due to change in list of subscribers. if yes , how compliances would be done?
2. How transfer of shares would be done along with comliances?
3. Any other suggestions to tackle above case to remove one director (also subscriber) from company.
Thanks in advance!
28 December 2016
1. It is not a case to alter MOA and AOA.
2. Subscriber to MOA can transfer shares using form SH-4 according to the decision taken in board meeting.
2. Subscriber to MOA can transfer shares using form SH-4 according to the decision taken in board meeting.
Message likes :
1 times
28 December 2016
sir,
if i am not wrong, there would be following comliances:
1. Filling of DIR-11,12 (for director resignation).
2. Transfer through SH-4.
3. Reporting in boards report.
4. All resolutions through board meeting.
5. issue of fresh share certificate.
Please correct me if required.
28 December 2016
1, 2,3 and 4 o.k
5. No need of fresh share certificate. Endorsement of transfer overleaf of original certificate is enough.
1, 2,3 and 4 o.k
5. No need of fresh share certificate. Endorsement of transfer overleaf of original certificate is enough.
Message likes :
1 times
28 December 2016
Please elaborate how practically endorsement of transfer overleaf can be made? whether stamps payment would require? whether this can be made through dsc signature?
Thanks in advance!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
