Query on share transfer

This query is : Resolved

Guest

Guest (Querist)

07 October 2013 Hi,

Someone may please reply, if possible:

Query 1

Can we use Share Transfer Form (Form No.7B) dated 25.01.13 for the shares transferred on 31.03.13 in respect of a private limited company?

Ans : ……………..

Thanks in advance for your replies.

Arun Biyani

Arun Biyani (Expert)
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07 October 2013 The form 7 b has to be used within 2 months in case of Private Limited Companies from the date on which it is stamped.

Guest

Guest (Querist)

07 October 2013 Can we use post-dated Form i.e. 2nd May 2013 dated Form for the shares transferred on 31.03.13?

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Ankur Garg

Ankur Garg (Expert)
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07 October 2013 No the same is also not possible.

Ankur Garg

Ankur Garg (Expert)
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07 October 2013 PROCEDURE FOR EXTENSION OF VALIDITY OF TRANSFER DEED

Where the validity period of an instrument of transfer has expired, the holder may make an application in Form 7C to the Registrar of Companies requesting for extension in the validity. The fee for such application is Rs.50 where the nominal value of the shares is upto Rs. 5,000 and the fee is Rs. 100 where the value exceeds Rs. 5000.
The application shall be made to the Registrar of Companies, where the registered office of the Company is situated or under whose jurisdiction the transferor or transferee resides. The Registrar on satisfaction of the cause shown in the application shall extend the validity for a period of 30 days from the date of approval by the Registrar. It should be noted that further extension will not be provided by the Registrar. Therefore, the transfer deed should be lodged with the company within the extended period only.