Transfer of shares

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Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2015 Do we have to purchase Share transfer form from any Stock exchange for registering transfer of shares in case of private company OR can a company simply use format as per Form SH-4 on plain paper and approve the transfer of shares.??

Pratik Shah

Pratik Shah (Expert)
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14 July 2015 No..no need to buy Share transfer form.
You need to use simple format of SH-4 for transfer of shares. But please ensure that you pay proper stamp duty through valid route over it.

Just for your knowledge, if parties are executing transfer in Mumbai, then first you need to pay stamp duty through gras.mahakosh.gov.in website by generating Challan. Then, you need to carry this challan alongwith SH-4 to General Stamp Office. They will do franking over SH-4.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2015 How do i value the shares of a private company or transfer can be taken place on nominal value of shares?

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Pratik Shah

Pratik Shah (Expert)
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15 July 2015 there is no restriction on value of share transfer in the Act. It is like a buying-selling between two parties. it completely depends upon the transferor and transferee. If they want to transfer shares on face value, that can also be possible.

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Pratik Shah

Pratik Shah (Expert)
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15 July 2015 Transfer of shares is a contract between two parties (transferor and transferee). The company has nothing to do with the price of it. the role of a company in the transfer is to register it.