Company Law - Regading transfer of shares
T Nageswar Rao
(Querist) 09 August 2008
This query is : Resolved
Dear All,
Company A is situated in Karnataka,it has allotted shares to company B at premium, which is situated in mumbai. Now company B wants to tranfer those shares to its own directors at face value. Let us know 1.whether transfer can be made at face value whereas it has been allotted at premium?
2.Whether answer will be differ if there is only two days gap between both the transactions.
3.As Company B transfree, is situated in Mumbai,whether stampduty need to be paid as per Maharatatra or karnataka?
Manish Singh
(Expert) 12 August 2008
is it a ltd compnay and a listed one?
