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What are the companies act provision applicable on Inter Se Promoter Transfer, Corporate Laws / SEBI / LLP

Issue Id: - 107965
Dated: 6-2-2015
By:- MEENAKSHI GOYAL

What are the companies act provision applicable on Inter Se Promoter Transfer


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Hello,

Can anybody tell me if my company's one promoter whose holding is 29.07% is going to sell their entire holding to another promoter whose holding is 29.08%, then it is necessary to held AGM/EGM for doing this kind of transactions or only BM is sufficient under companies act 2013 and what are the other sections levied on this transaction under companies act, 2013???

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Page: 1


1 Dated: 6-3-2015
By:- MARIAPPAN GOVINDARAJAN

SEBI regulations will be applicable in this case. Please got the advice of Practising Company Secretary for this purpose.


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