Registrar Of Members
Shlok Avlani (25 Points)
22 January 2018
How is it possible for public companies to maintain registrar of members,since their shares are constantly being traded?
Shlok Avlani (25 Points)
22 January 2018
CS Smreti
(cs)
(641 Points)
Replied 23 January 2018
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 24 January 2018
Dear Shlok,
Shares of a Public Comapany are now adays in Dematerialised form.So the Company or its Registrar and Transfer Agent has nothing to do with the dematerialised shares only Depositorie (NSDL and CDSL) keeps record of transfer of shares of the Company.When the Comapny requires position of its memebers they request to the depositories giving the perticular cut of date and obtain the data of the members (registered share holders of the Comapny)of the Company.
If shares are in Physical form,the Comapny or its Registrar and Transfer Agent gives effect for Trasnsfer of shares only if when buyer of the shares of the Comapny wants to register the shares in his/her name and submit the original shares certificate and duly filled in and stamped share transfer form as prescribed in the Companies Act., to the Comapny or the Registrar and Transfer Agent. So the shares of a Public limited keeps continue being traded but the shares can be trasferred from the name of Transferor(seller) to Transferee ( buyer) only when the buyer wants to get registerd the share in his/ her name and submit the above said documents to the Company/Regitrar and Transfer Agent of the Company.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
CAclubindia
