Procedure of transfer of shares
meenakshi chandani (44 Points)
23 August 2018
Please tell the procedure to transfer the shares by one shareholder to other in a private limited company
3 Replies
Pranjali
(intern)
(2216 Points)
Replied 23 August 2018
For transferring shares, you'll need a stamped share transfer deed executed in the name of the transferor and the transferee. attach the share certificate to the deed and deliver it to the company. the deed also needs to be signed by a witness. If you get the process right, the board shall transfer the shares in the name of the transferee.
Jatin Bajaj
(CS)
(2930 Points)
Replied 25 August 2018
As per the provision of section 56 of the Companies Act 2013, the intention shall be made by transferor to transfer the shares to transfreee.
Pass the Board resolution for transfer of shares specifying the certificate, folio and distinctive no.
Execute the share transfer deed duly filed and signed by both transferor and transfree.
Pay the stamp duty @ 0.25 paise for every share or part thereof.
take note of transfer of share.
endross on the back of share certificate that shares has been transfered from Mr. A to Mr. B
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