hi all,
is it compulsory that signature of the shareholder(seller)(staying in USA) is required in the share transfer form
otherwise signature of the person who is having power of attorney is valid.
urgently required
thanks in advance
satish (student) (60 Points)
19 August 2010hi all,
is it compulsory that signature of the shareholder(seller)(staying in USA) is required in the share transfer form
otherwise signature of the person who is having power of attorney is valid.
urgently required
thanks in advance
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 19 August 2010
Hi,
As per my understanding and keeping in view the language of section 108(1), sellers’ signatures in original are required on the share transfer deed. Sign of a person authorised through POA are not allowed.
Views of other learned members solicited.
Regards