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    Share Transfer Query

    Posted By : KAMAL / Published on : 29-Mar-2022 12:52 PM / View : 309 / Comment : 0

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    Dear All

    X private Ltd holding 5000 Preference shares at Rs.10 each in Y Private Limited. Now X private limited director wants to get share transferred in him name in Y private limited with total consideration of 21 lakh.

    Share transfer process as per sec 56 is sufficient by executing SH4 deed, Payment of stamp duty and convene board meeting to pass the resolution of share transfer and update in the register and report the transfer in annual return

    Anyother process with respect to sec 188 need to comply?
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