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????
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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.