Deepak Tripathi (Student) (3 Points)
26 July 2021In a Pvt. Ltd . Company with two directors both being owners in the ratio of 50% Each.
Can any Director transfer his share/ part share to any other person outside the company without taking approval of the other director in written.
Can a clause be inserted in the memorandum/article of assocaitarion...that neither of the Directors can transfer his or her share without the approval of the other Director.
What is the succession clause in respect of a pvtltd. company ?
CS Divesh Goyal
(Practicing Compnay Secretary)
(50845 Points)
Replied 26 July 2021
1. without board approval shareholders cant transfer their shares in private company.
CS Divesh Goyal
(Practicing Compnay Secretary)
(50845 Points)
Replied 26 July 2021
2. Even without such clause, Private Company cant do the same.
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