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Share transfer and transmission for a company are being discussed here.
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Transfer Shares For Private Limited Company Transfer and Transmission of Shares: Shareholders are trusted owners of a company. They have the right to appoint directors who manage business operations regularly. Change in name results when transfer of shares takes place. In a private limited company transfer of shares is generally prohibited. At the time of share transfer, Preference will be given to existing shareholders for sale. The article of Association for a Private Limited Company has important guidelines which are to be met before share transfer commences. It is important to ensure to review of the Article of submission of the company before completing the share transfer for a private limited company.