Gift of shares of a private ltd company

This query is : Resolved

vt2rbi (Querist)
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23 December 2018 Dear Friends,

My Mother in Law has gifted me her 75 shares in a private ltd company.

1. should there be a consideration since the value of shares is 0 by virtue of it being a gift
2. I have the signed share transfer deed , do I also need to take a gift deed , what is the format and do I have to take it on any stamp paper

Kindly Advise

C.A. Umeshkumar Acharya

C.A. Umeshkumar Acharya (Expert)
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25 December 2018 there is no need of any stamp paper. You can take declaration from your mother declaring her intention to transfer of share by gift on simple paper