Sir, I am MDof a company. We want to sell company by way of sale of all shares to another group. The purchaser is insisting on us to make a sale deed of all share holders individually and he wants to pay the amount of shares in 4 equal installments with post dated cheques and want to transfer all the shares in his name ?
my query is whether PDC are legal in such transcaction ? can we allow him to transfer all shares ? if in case of bouncing of cheques, could the share transfer can be invalid or cancelled please advice
