Reg - Transfer of Shares

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narender (Querist)
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05 December 2009 Hi

A Pvt. Ltd Company has three Directors holding 200 shares of 1000 INR each (fully Paid ) as follows :-

Mr. R - 100 Shares
Mr. p - 50 Shares
Ms. S - 50 Shares

Now Mr. P & R want to transfer their share to Ms S
and a New Director Mr. E is appointed in the company without having any Share Capital.

What is the Procedure to Transfer of Shares of Mr. P and Mr. R to Ms. S.
and issue procedure for Mr. E

Pls Specify what are the Forms which need to be File With ROC
it Both Cases

also send me Transfer of Share Deed which need to be signed
pls mail it on - narendergusain@gmail.com

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
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17 December 2009 Sec 108(1) provides that every company (public or private) shall register transfer of share on (i) Lodgement of Share transfer deed (ii) with stamp (iii) with original share certificate. Sec 108(1A) provides that transfer deed, as above, shall be presented with prescribed authority (usually RoC) before it is signed and lodged with company. Time limit is 2 months from date of presentation with RoC. Transfer deed's format is given as "Form 7B" which you can purchase from market (with RoC sign it is available @ 2-5 rupees)

As regards Mr. E (proposed director), he is required to hold qualification share only if you have provision in Article. If you dont have such provision, there is no need, if you have provision, then company can allot him share by share application and allotment (within 2 months of his appointment). For increase in capital you have to file relevant form with RoC.

Regards
CS Pawan Kumar Baid

narender

narender (Querist)
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18 December 2009 Hi

Thanks for ypur reply

but the above company is a private company and they have not issued any share certificate.....

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