- 6193 Views
- 14 Jul 2022
- Juhee Goyal
- Companies Act 2013, Rules, Incorporation, Updates, Knowledge, Compliance,
A private company restricts by its articles the right to transfer its shares as per section 2(68) of the Companies Act, 2013. The transfer of shares of a private company to be considered as only ‘restricted’ not ‘prohibited’. This foremost restriction ensures that the board retains the maximum limit of 200 members and be in the ambit of definition of private companies. On t......