Transfer deed

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Jai Bajaj (Querist)
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12 October 2009 Q.1 Till what time Transfer deed is valid for a pvt ltd and public ltd co.?

Q.2 Transfer deed was dt aug 09 and AGM date is in the month of sep 09 say 25sep, the above deed can be submitted for transfer before AGM date bt transfer is confirmed in oct month. can co. do this i.e. confirm the transfer in month of oct, after AGM date?

Its urgent, plz reply soon.

Ankur Garg

Ankur Garg (Expert)
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13 October 2009 Hi,

Validity of share transfer deed
In the case of listed company, at any time before the date on which the register of members is closed, in accordance with law, for the first time after the date of the presentation of the prescribed form to the prescribed authority under clause (a) of section 108(1A) or within twelve months from the date of such presentation, whichever is later.
In the case of private and unlisted public company transfer deed is valid within two months from the date of such presentation/date on transfer deed.

Yes in your case transfer can be confirmed by the board in the month of October. But lodged your transfer deed with the company before 8th October 2009.

Regards