05 January 2021
Hello. We are new startup. We have paid up capital of 1 lakh and authorised capital of 10 lakhs, face value is 10. Two directors with 50/50 split= 5000 shares each. Now we have an invester with 1 lakh rupees and we want to give 1000 shares to him. In Form SH4, under consideration recieved shud we mention as 1lakh rupees??
10 July 2024
Yes, in Form SH-4 (Share Transfer Form), under the section for consideration received, you should mention the consideration received for the transfer of shares. Since the investor is investing 1 lakh rupees for 1000 shares, you should enter this amount in the consideration received field on the form.
Here’s how you can fill out the Form SH-4:
1. **Details of Transferor and Transferee:** - Fill in the details of both the transferor (current shareholder) and the transferee (new investor).
2. **Number and Class of Shares Transferred:** - Specify the number of shares being transferred (1000 shares) and their class (e.g., equity shares).
3. **Consideration Received:** - Enter the consideration received for the transfer. Since the investor is paying 1 lakh rupees for 1000 shares, you should write "1,00,000" (or as per the format specified in the form) in the consideration received section.
4. **Date of Agreement/Transfer:** - Provide the date when the agreement or transfer of shares took place.
5. **Signatures:** - Ensure that the form is signed by both the transferor and the transferee (investor) along with any necessary witnesses as per the requirements.
**Submission:** - Submit the Form SH-4 along with any other required documents to the company’s registrar or as per the process outlined by the Company Secretary or Registrar of Companies (RoC).
### Additional Considerations: - Make sure that the transaction complies with the Articles of Association of your company and any other applicable laws or regulations. - Maintain proper records of the transaction and keep copies of all relevant documents for your records and for future reference.
If you have any doubts or specific requirements regarding the Form SH-4 or the share transfer process, it’s advisable to consult with a Company Secretary or legal advisor who can guide you through the procedure according to the laws applicable in your jurisdiction.
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