Ours is a pvt ltd company consisting of two directors having equal shares .One director wants to step out .How is the valuation and transfer of shares done ? can you please guide me
SSJ
Aman Jain
(Company Secretary in Practice)
(165 Points)
Replied 19 January 2010
Dear SSJ,
according to your situation i dont think there was any agreement exist between two.
if not then check your AOA, is there any article exist regarding transfer of shares or valuation of shares, if not then make arrangment with the mutual consent of both parties but according to the Articles of the company.
CS MD Osman Akthar
(Company Secretary & CA(Final))
(78 Points)
Replied 19 January 2010
Dear SSJ,
As aman said, you can mutually decide the price of the shares considering Articles.
Care should be taken
1. If you transfer the shares to Foreigners/NRI( In this situation you need to get valuation done by a CA and reported to RBI)
2. One more thing is since only Two members are there in your Co, the shares (at least few) to be transferred to a person other than the existing share holder.
CourseCart.in
(Mentor at SHAYVIDZ Academy)
(3756 Points)
Replied 19 January 2010
agreed wid osman akthar..
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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