What are the companies act provision applicable on Inter Se Promoter Transfer, Corporate Laws / SEBI / LLP

[MEENAKSHI GOYAL]

Hello,

Can anybody tell me if my company's one promoter whose holding is 29.07% is going to sell their entire holding to another promoter whose holding is 29.08%, then it is necessary to held AGM/EGM for doing this kind of transactions or only BM is sufficient under companies act 2013 and what are the other sections levied on this transaction under companies act, 2013???

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

SEBI regulations will be applicable in this case. Please got the advice of Practising Company Secretary for this purpose.