The shares of a company can be transferred from one person to another by executing a share transfer deed by shareholders who are actually owners of a company.
Great Solutions can help you transfer shares of your company by completing the necessary procedures as per Companies Act, 2013 in an easy and quick manner.
As we know, the value and number of shares a company can issue to its shareholders is determined by its authorised capital. So, the ownership of a company is determined as per the shares held by its shareholders who are the owners of the company. The affairs of the company are managed by directors appointed by shareholders, though directors can also be shareholders and shareholders can also be directors. Since ownership of a company lies with shareholders, they hold the power to transfer shares of the company from one person or entity to another.
The only difference is that share transfer in a listed public company is more common than in a private limited company which is not publicly traded. In a private limited company, shares are usually owned by a family or a small group of persons or entities as defined in its Articles of Association (AOA). So, transferring the company's shares to an outsider is a complicated process in a private limited company.
As shareholders are the legal owners of a company, they enjoy the right to transfer shares to another person or entity. Shareholders range from being natural persons or corporate entities to NRIs/ foreign nationals to foreign entities.
Shareholders of a company appoint directors of a company to manage the affairs of a company.
The rights and responsibilities of shareholders and directors are defined in the articles of association of a company. The AOA of a Private Limited company is a bit restrictive in terms of share transfer as compared to that of a Public Limited company that is listed on stock exchanges.
Great Solution helps in the share transfer process of a private limited company in about 2 to 3 weeks.
You can always pose your queries to Great Solution by getting in touch with our Business and Legal Advisors.
We will review the present shareholding of your company and the AOA to familiarise ourselves with your company’s structure prior to initiating the share transfer.
We will prepare the necessary documents for transferring shares of the company from one person or entity to another. The documents preparation will take about 3-5 working days depending on complexity.
Subsequent to the submission of necessary documentation, share transfer to the new shareholder will take place in 5 - 10 working days.
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