Transfer of Shares ( AOA AND MOA corresponds to Companies Act 1956 only)

Lovely kumari (Practising CS) (501 Points)

12 November 2019  

Hello all , there is a company of 1991. We have shown transfer of shares of one shareholder in 2018-19 . The AOA has the power to transfer shares nut the AOA isnt revised . WIll this transfer considered as valid or we need to revise AOA and MOA as per companies Act 2013 . How can we show such transfer in 2018-19