share transfer by shareholder

Pawan Singhal (chartered accountant) (655 Points)

21 May 2010  

A is share holder of xy pvt ltd. who hold 100000 share of  xy pvt. ltd.

on 21th feb he transferred all his share of xy pvt ltd.  to B by endorsing the transfer deed.

on 25th march 2010 B transferred all his share to C.

then B send form no. 7b (transfer deed) to co. for name change in share holder register.

is it right procedure because A did not sent his form no. 7b to co. for transferd his share.

can co, directly chage of namein share holder register as per information of B  A shareholder and Place C as a shareholder.