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Need some information about Share Transfer in Private Limited Company

Pvt ltd 236 views 2 replies

Himansu R Mehta

1 Points Joined March 2024

We were 2 directors and Shareholders in my pvt ltd company but due to some reasons other person had to leave and he wants to transfer all the shares to me and new director.

we have changed Director in the company but our CA took only sign on SH4 document from both the parties and said done. Now the challenge is how to update in MOA and AOA or how to legally authenticate coz he is saying we can just file while yearly filing but then it this legally correct until there is an online process the other party will be shareholder in the company ?

please suggest

Regards

H Mehta

Replies (2)

sabyasachi mukherjee

28018 Points Joined May 2017

Upload details inbox me

nidhigoel89

Company Secretary

596 Points Joined December 2009

The transfer of shares has nothing to do with MOA and AOA of the Company. The details of First Director and Subscriber remain same, as it was, at the time of Incorporation.

For Transfer of Shares, SH-4 should be duly executed and stamped and will be taken on note in Board Meeting. Updation of Shs register and transfer register will be there, and the updated list of shareholders will be filed with Annual Return of the Company.

Thanks!