IN VASHANTHAN (CA STUDENT) (46 Points)
11 November 2014Greetings,
There are 5 shareholders in a pvt ltd company. One shareholder wants to transfer her shares to her brother and husband who are also shareholders in the same company. Is it possible to transfer shares specifically to them or options have to be given to all shareholders. Is it possible to gift her shares to the same ?
kindly advice.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 29 November 2014
Subject to the provisions of your Articles, shares can be transferred. No need to give option to all shareholders. Gift is also possible.
CAclubindia
