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Q. > Please Help: Share Transfer
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541 views • Question added Sep 15, 2011 • Corporate Law • By RAJIV MITTAL , CA , PANCHKULA


Sir, I am a shareholder and director in a company. i had removed my name as director by filing FORM 32 but i don't how can i remove as a shareholder of the company. pl tell me the complete procedure.

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Neha Jain

20-Sep-2011 , 03:47:28 pm

Its very simple you can transfer/ sell out your shares.

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CS Moiz Patharia

22-Sep-2011 , 12:22:56 pm

the procedure for terminating the membership is by selling out your stocks and shares in the market. After that you will not be the shareholder anymore

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JASPAL SINGH

07-Oct-2011 , 04:45:51 pm

Firstly Form 32 for own appointment or removal cannot be filed, MCA do not accpet it. It need to be filed by someone else i.e. Director or Secretary. Secondly, as shareholder name can be removed from the register of Shareholders only on transfer ot trnsmission of shares to some other name.

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