i have a query regarding date of transfer of shares.the date will be after clearing of cheque of transfers from bank A/c or the date in which we have issued cheque to the transferor & get signed transfer deeds.
09 April 2012
Yes, If you reading section 108, then it says the instrument should be properly executed it means following steps have been completed: 1. Transfer deed have been purchased. 2. Consideration of share transfer has been paid by allottee or agree to pay and for this approval has been given by transferor. 3. Both parties has signed the transfer deed. 4. Stamp duty has been paid, if required. 5. Witnessed by transfer deed. 6. Transfer deed along with original certificate has been submitted with Company.