THINGS TO KNOW BEFORE YOU REGISTER
TRANSFER OF SHARES
- Transfer of shares refers to the transfer of title toshares, voluntarily, by one party to another. They are transferable in the manner provided by the articles of the company, especially, the shares of any member of a public company. A private company is required to restrict the right to transfer of its shares in ts articles.Thus, shares in a company are transferable like any other movable property in the absence of any expressed restrictions under the articles of the company.
Persons involved in transfer:-
1. Subscriber to Memorandum. 2. Legal representative, in case of deceased partner. 3. Transferor 4. Transferee 5. Company( whether listed/unlisted).
1. Id and address proof of Transferee 2. Request letter from transferor 3. Proof of receipt of considertaion amount
BASICAll Inclusive Fees
PROAll Inclusive Fees
PREMIUMAll Inclusive Fees
1. Execute transfer deed in prescribed format i.e. Form SH-4 duly signed by transferor and transferee. 2. Stamp the share transfer deed in accordance with the provisions of Indian Stamp Act. 3. Confirnation letter from Company 4. Approval of Transfer in Board Meeting
Share transfer stands for the process of transferring existing shares from one person to another, either by sale or gift.
Stamp duty @ 0.25% of the market value or the consideration amount (whichever is higher) should be affixed on the instrument of transfer. The date taken for calculation of market value must be the same as the execution date mentioned on the instrument of transfer.
Yes, in certain cases director may refuse to register transfer of shares. It is common for articles of private limited company to gives its director the power to refuse to register a transfer of shares.
Transfer of shares refers to the transfer of title to shares, voluntarily, by one party to another. Transmission of shares means the transfer of title to shares by the operation of law. Insolvency, death, inheritance or lunacy of the member.