How do I remove/replace a shareholder in a private limited company without commencement of business and a bank account in India?

1
It is not possible to transfer the shares before
depositing the paid-up capital in the bank
account and filing INC 20 A. The first
shareholders/ subscribers are those mentioned in
the MOA and AOA of a company and by default, the
shares are allotted to the first subscribers/
shareholders.
There is no fixed price or cost for registering
a Private Limited Company in India. There are
a number of dependent variables that determine
the cost of incorporation of a Private Limited
Company in India such as the location of
registered office, number of directors, amount
of authorised capital etc.
How do I remove/replace a shareholder in a
private limited company without commencement of
business and a bank account in India?
How much does a Private Limited Company
Registration cost in India?
2
The shareholders can be removed or replaced only
through share transfer and share transfer can be
done only after depositing the paid up capital in
the bank account and filing INC 20A.
Hence, the first subscribers are required to
deposit the paid-up capital in the bank account
of the company and file INC 20 A for any further
transactions to take place.
3
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