Transfer of shares
This query is : Open
01 February 2010
2 CO.S R DERE
I is public & other is pvt.
and d pvt. co. is subsidiary of public co.
now, public co. wants 2 transfer d shares of pvt. co. to its WTD & MD
CAN IT B POSSIBLE and if possible pls tell me the detailed procedure.
I is public & other is pvt.
and d pvt. co. is subsidiary of public co.
now, public co. wants 2 transfer d shares of pvt. co. to its WTD & MD
CAN IT B POSSIBLE and if possible pls tell me the detailed procedure.
02 February 2010
Yes it is possible. In your case transferor is public co. and transferee is WTD & MD.
Form-7B i.e. share transfer deed is required to be filled by transferee and transferor and lodge the same with pvt. co.
Stamp duty in the form of share tran stamp is also required to be paid.
Form-7B i.e. share transfer deed is required to be filled by transferee and transferor and lodge the same with pvt. co.
Stamp duty in the form of share tran stamp is also required to be paid.
02 February 2010
Please download my handout on Provision related to Transfer and Transmission of shares for the link given below:
https://www.caclubindia.com/forum/pcc-chapter-wise-law-notes-part-ii-49735.asp
https://www.caclubindia.com/forum/pcc-chapter-wise-law-notes-part-ii-49735.asp
02 February 2010
Thank You for your reply sir
but m still confused as whether this transfer will not be required to show under disclosure of interest of directors and if needs to be disclosed how to show it. what would be its effect on director's shareholding, if the public co. is a listed co. then what kind of sebi regulationd it needs to follow, which section of co.s act should be taken into consideration for this transfer?
whether public co. is allowed to transfer its shares to its directors or relatives?
but m still confused as whether this transfer will not be required to show under disclosure of interest of directors and if needs to be disclosed how to show it. what would be its effect on director's shareholding, if the public co. is a listed co. then what kind of sebi regulationd it needs to follow, which section of co.s act should be taken into consideration for this transfer?
whether public co. is allowed to transfer its shares to its directors or relatives?
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