Transfer of shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 February 2012 Dear Experts

i am having a doubt in transfer of shares procedure. please tell me if a company needs to register a share transfer on 1 october 2011 then share trasfer form in 7B is to be which date.....I have blank share transfer deed of may 2011, can i use it to transfer these shares on 1 october 2011.

to clarify I am asking validity of blank tranfer deed endorsed by ROC on May 2011.....
Please guide me...thanks

Guest

Guest (Expert)

04 February 2012 Transfer deed are valid for 2 months from the date of presentment in private companies.

It your case transfer deed are valid till 30.06.2011 if we assue that they bear stamp of ROC of 01.05.2011.

So you should execute these deeds on or before 30.06.2011 and send to the company for transfer. Company will approve the transfer in meeting on 01.11.2011.

You can use form 7B of May 2011 to transfer the shares provided they are signed by transferor and transferee/ stamped before 30.06.2011.

Thanks