Transfer of shares of private limited company

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adam (Querist)
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02 November 2012 Dear All,

I want to know the information about the transferation of shares of private limited company.

XYZ company having shares of ABC ( A Pvt Ltd company).

1. My Quation is that, can we transfer the shares of ABC company from XYZ comapny to PQR company ( Other company) ? The owner ( shares holder) are same for XYZ and PQR company.

My next quation is that, can we transfer the shares of ABC company from XYZ to the owner ( share holder) of XYZ company.

if yes, then please tell me all the share transfer procedure in details?

Thank to all an advance.

Awaiting for response.

Regards,

Aman

Ajay Mishra

Ajay Mishra (Expert)
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20 November 2012 Hi

Procedure for transfer of shares:

Generally articles contain the details provisions as regards the procedure for transfer of share. Usually following steps shall be followed by a private company to give effect to the transfer of shares:
a) Transferor should give notice in writing for his/her intention to transfer his/her share to the company.
b) The company in turn should notify to the members as regards the availability of shares and the price at which such share should be available to them.
c) Such price is generally determined by the director or the auditors of the company.
d) The company should also intimate to the members, the time limit with in which they should communicate their option to purchase shares on transfer.