BUYING SHARES FROM A SHAREHOLDER

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If a director wants to buy shares from another shareholder of a private company what will be the minimum price at which he can buy ? the book value as per the last balance sheet or some additions are to be made?

Will the formalities change if the transfer is between two shareholders ?

Replies (2)
The Transferor and Transferee shall follow the process as detailed in the Company's Articles of Association read with Section 56 of the Companies Act, 2013. The consideration shall be fixed in accordance with Rule 11UA of the Income Tax Rules, 1962. The formalities shall be the same regardless.
Physical purchase is barred.

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