one existing shareholder out of 4 shareholders of a private limited company wants to transfer the shares to the outsiders and the other remaining 3 shareholders wants to transfer the shares to the existing shareholder and take a exit. Can it be executed sh-4 on the same day that entry of outsider and exit of remaining existing shareholder.
please suggest
4 Replies
Chirag
(Professional)
(1979 Points)
Replied 24 March 2023
I think there is no bar ,You have to go according to AOA...But SH 4 will be different for Transfer by Shareholder to Outsider and Remaining Shareholders to Existing Director ,It will be better if proposition is put before Board for Outsider Shareholder and take their nod
Shefali Gupta
(104 Points)
Replied 24 March 2023
In this i need to pass two BR one for entry of outsider first and other for exit of remaining shareholders.
Jatin Bajaj
(CS)
(2930 Points)
Replied 19 April 2023
Please refer the Articles of Association. There may be the provisions of Drag Along Right
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