Transfer of shares

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Preeti Goyal (Querist)
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10 February 2012 A pvt. ltd. co. received share transfer deed on the last date of validity. the company noticed that the deed requires some correction. what will be procedure now. whether the Company may send back transfer deed for correction or the transfer deed will be no longer valid and the parties concerned has to fill a new transfer deed

Jiten Gupta

Jiten Gupta (Expert)
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11 February 2012 As per my understanding, Section 108 of companies Act 1956 require that a every transfer deed duly signed, should be present to company within 2 Months from the date mentioned in Deed..

So in your case also deed should be present within 2 Months from the date mentioned thereto..in spite of previous deed presented within time limit.