Hi
I want to sale the pvt. co. Do anybody know about what are the formalities to be followed and which sections of company law attract. and which agreement required to prepare.
Thanx in advance.......
Regards,
Love Kumar
2 Replies
CA SENTHIL PRABHU
(CHARTERED ACCOUNTANT)
(132 Points)
Replied 14 February 2012
One simple way to sell a P Ltd is by efffecting changes in Management & Shareholding
1. Appoint the purchasers as additional directors of the company.
2. Appoint one of the additional director as Managing director.
3. Get resignation from the existing directors.
4. Transfer the existing share holding to the newly appointed directors or as per the request of newly appointed directors and get the consideration for transfer.
File Form 32 for appointment, change in designation and resignation of directors. File Share transfer form with ROC.
Love Kumar
(COMPANY SECRETARY)
(101 Points)
Replied 14 February 2012
I appriciate ur sugession sir but i want to whether the share purchase agreement is required to prepare or not or share transfer deed is enough for it.
Regards,
Love Kumar
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