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Sharda, Shiv's mother is a shareholder in a priva…

Sharda, Shiv's mother is a shareholder in a private limited company. Shiv is Director and sharehold…

Sharda, Shiv's mother is a shareholder in a private limited company. Shiv is Director and shareholder in another company. Shiv wants to buy shares from Sharda. Is it allowed? or some approval is required? Is there any ceiling or cap on it.