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Board Resolution for Transfer of Shares

CA. Manthan Ruparelia (Chartered Accountant) (94 Points)

15 January 2009

Do any one give me format of Board Resolution for Transfer of Private limited Co's Shares to Foreign Company ?

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CS Arpita Rajpurohit (Company Secretary) (1111 Points)
Replied 16 January 2009

Transfer of Shares:

The Chairman informed the Board about receipt of 1 nos. of Share Transfer Application consisting of 40,000 Equity Shares. The matter was discussed at length and after various deliberations the following resolution was passed:

“RESOLVED THAT 1 no. of Share Transfer Application comprising of 40,000 Equity Shares be and is hereby approved and that the shares be transferred as per details mentioned below:

Sr. No.	Name of Transferor	Name of Transferee	No. of Shares Transferred
1	____________	______	40,000

"RESOLVED FURTHER THAT Mr. ________, the General of the Company be and is hereby authorised to make necessary endorsement on the reverse of the Share Certificates and send it to the transferees whose name is entered in the Register of members.”

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Lawyer (na) (21 Points)
Replied 28 July 2011

Can you approve a transfer by circular board resolution?

Rakesh Jha (-) (25 Points)
Replied 06 March 2012

Do any one give me format of Board Resolution for Transmission of Private limited Co's Shares ?

Thanks & Regards,

Rakesh Jha

Secretarial Department

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 06 March 2012

Yes, you can approve transfer by passing resolution by circulation.

CS Smriti Sharma (ACS, B Samrish & Co.) (880 Points)
Replied 07 March 2012

Resolution for Transmission of Shares;

“WHEREAS the company has received a notice in writing from "A" and "B", a nominees of the deceased share holder for 1,30,000 equity shares of Rs.10/-each along with death certificate of the deceased shareholder a copy of which is circulated among the directors;

AND WHEREAS the said nominees elected to be registered themselves as holders of the said shares;

AND WHEREAS the said nominees have sent to the company the required evidence as to the death of the said share holder and also the proof of them being the nominees of the deceased shareholder. NOW,THEREFORE,

"RESOLVED that 1,30,000 number of shares of Rs.10/- each standing in the name of "C "who has deceased be transmitted to andregistered in the name of "A" and "B" being the nominees of the said shareholder.

"RESOLVED FURTHER THAT the secretary of the company be directed to do the needful in connection therewith or ancillary or incidental thereto.”