Board resolution for share transfer

ArchAngel (Corporate Affairs Enthusiast)   (118 Points)

28 November 2012  

Dear Experts,

 

We are executing a share transfer in a private company.

 

Questions 1

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Can any one help me with the following resolution that approves the transfer?

 

 

“RESOLVED THAT the transfer of shares as appearing from Share Transfer Applications placed before the Board and duly initialled by the Chairman for the purpose of identification be and is hereby approved and that the shares be transferred as per details mentioned below:
 
Details of transfer
------
---
 
"
 
I found a few share transfer approval samples in the above format even in CAclubindia.com
 
My question is that putting 'share transfer applications' in the above resolution is correct or wrong. There is no separate share transfer application except the 7B transfer form.
 
Can anyone tell me whether the above resolution is perfect as it is or it requires any modifications?
We are dealing with an important transfer and we want to make it perfect as far as possible.
 
 
 
Question 2
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The attestation part and the reverse side of the 7B transfer form has to be filled for a transfer in a Private Limited Company?
 
 
Thanks,
ArchAngel