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Procedure to Transfer of shares, Corporate Laws / SEBI / LLP

Issue Id: - 115519
Dated: 11-10-2019
By:- THYAGARAJAN KALYANASUNDARAM
Procedure to Transfer of shares

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Dear Experts,

One of my clients, registered as a private limited company under the companies act,2013 with Mr. A & Mr. B as a Directors & Shareholders 50:50 on April 2019.

Now, Mr. A is going to resign from the said company and needs to transfer his directorship to Mr. C and the shares which he holds also be transfers to Mr.B for 49% and to Mr. C for 1%.

Query:

1. What are all the procedures to complete this process.

2. As per the MOA & AOA the paid up capital was ₹ 5,00,000/- but both of them invested only ₹ 50,000/- each.

How to resolve this issue. Kindly help me with this.

Thanks in Advance.

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