Hello everyone,
Mr. X & Mrs. Y are the 2 directors of a pvtl ltd co holding 5000 shares each.They want permanently leave india and settle abroad.
They sold the company to Mr.A & Mrs.A for Rs.100000/- (do not know whether there will be any effect in the books of the company or not ? except that this amt should be mentioned on the share transfer form).
I have filed form 32 for appointment of Mr.A & Mrs.A and when i check "view signatory details" then Mr.A & Mrs.A are also shown as directors.
I have planned the following/My Question:
1. i have made the board resolution (signed by Mr.x & Mrs.X) for transfer of shares in the name of Mr.A &Mrs.B. Can i fill the share transfer form ? Share certificate printed on thick paper and signed by Mr.X & mrs. x with stamp of the comapany will be fine or Not ?