One director is selling his shares to other director in a same Pvt Ltd company. So apart from sending Form SH-4 duly fanked to the company by transferror. Is company required to file any form to ROC (specially form 35A)????? Pease reply????
As per the provisions of the Act, where there is a non-compliance by the company of the provisions relating to the transfer of shares, the company shall be punishable with the fine not less than Twenty-Five Thousand Rupees but which may extend to Five Lac Rupees and every officer in default will be punishable by a fine not less than Ten Thousand Rupees but which may extend to One Lac Rupees.