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    Re: Section 8 Company

    Posted By : Sachin / Published on : 15-May-2021 11:53 AM / View : 528 / Comment : 0

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    Dear Friends,

    I recently incorporated one Section 8 company two days back with two shareholders

    Now the shareholders of the Section 8 company wants to transfer their shares to two new shareholders

    I have three questions in this case:

    1. Can i transfer the shares of the company without receiving even the subscribers capital from the original shareholders

    2. In case of Section 8 company are there any restrictions on transfer of shareholding (apart from the one specified in the AOA of the Company)

    3. Thirdly both the new shareholders, though Indians, because of the pandemic they are in US since last March so going by this their residency status has changed...IN such case can we transfer the shares to new shareholders

    KIndly pour in your valuable inputs

    Thanks
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