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    PRIVATE SHARE SALE AGREEMENT OF UNLISTED COMPANIES

    Posted By : VIRAT / Published on : 25-May-2021 10:33 AM / View : 498 / Comment : 0

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    Can shareholder of an unlisted public company by way of private arrangement sell shares on partly payment basis. (i.e. shares sold in January and Agreed to receive 50% payment on the spot and rest after 6 months) and if yes whether any particular act prohibits these type of transactions, since these are not spot delivery contracts and as per SCRA, 1956 it only allows spot delivery contracts.
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