RG - A Helping Hand (Company Secretary) (13867 Points)
22 November 2011Need one advice regarding share transfer:
State of incorporation of a private company ---- M.P.
Board Meeting held for share transfer ---- M.P.
Now can we use share transfer deed issued by the authority of Delhi NCR or is it compulsory to use share transfer deed of M.P.
RG
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 22 November 2011
You can use share transfer deed issued by any ROC
RG - A Helping Hand
(Company Secretary)
(13867 Points)
Replied 22 November 2011
Thanks for your reply sir.
In my case transfer executed in M.P. through an agreement and board meeting and transferor also belongs to M.P. so as per my understanding transfer deed of M.P. should be used.
Smriti Dhawan
(Company Secretary )
(347 Points)
Replied 23 November 2011
In case of transfer of shares there is nothing to do with the place where the Board meeting was held, The transfer deed should be of the State where registered of the company is situated. So in your case it is compulsory to obtain share transfer deed issued by ROC of Madhaya Pradesh.
AMIT MISHRA
(Legal Professional)
(393 Points)
Replied 23 November 2011
Hi Richank,
Agree with Smriti. Share Transfer deed of ROC MP is requird.
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