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What are the company laws for registration of private limited company
16-Jul-2023 (In Corporate Law)
Can the shares of a director owning the remaining 50% of a Pvt.Ltd.company apart from the owner, be taken to give shares to other person intrested in becoming Company shareholder? What are the rules once a person becomes equal in terms of owning the company 50-50?
The Director can transfer his shares to the other interested person, subject to approval by the Company and subject to compliance of provisions of Companies Act, 2013. It also depends on what is mentioned in the Articles of Association of the Company. Owning 50% of shares of the Company is like you are equal partner/owner of the Company. This is a lengthy process which can be discussed in our office.
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Adv. Bankim Mehta
Mumbai | 200+ Answers
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