A pvt. company shareholders cannot sell their shares to the outsiders. A shareholder who wants to depart himself from being the owner has to offer his shares to existing shareholders of the respective company. If the existing partners are not willing to buy the shares in that case he may sell his share to outsiders by following the compliances as mentioned in the companies ACt.
FORM NO. 7-B
FormTitle Share Transfer Form
Date of presentation to the prescribed authority x
Share Transfer Form
FormParentAct Companies Act, 1956
[Pursuant to section 108 (1-A) of the Companies Act, 1956]
FOR THE CONSIDERATION stated below the “Transferor (s)” name do hereby transfer to the
“Transferee(s)”named the shares specified below subject to the conditions on which the said shares are
now held by the Transferor (s) and the Transferee (s) do hereby agree to accept and hold the said
shares subject to the conditions aforesaid.
Full name of company xxx
Name of the recognised stock exchange where dealt in, if any xxx
Descripttion of Equity/Preference Shares
No. in figures No. in Words Consideration
(in figures)
Consideration (in words)
Distinctive Numbers From x
To x
Corresponding Certificate Nos. xxx
TRANSFEROR (S) [SELLER (S)] PARTICULARS
Regd. Folio No. x Signature(s)
Name(s) in full 1. x 1. x
2. x 2. x
3. x 3. x
4. x 4. x
Signature of Witness
ATTESTATION
I, hereby attest the Signature of the Transferor(s) herein
mentioned
Name and Address of Witness
xx
Signature xx
Name xx xx
xx
Address / Seal x xx
xx
PIN x
TRANSFEREE (S) [BUYER (S)] PARTICULARS
Signature(s)
Name(s) in full 1. x 1. x
2. x 2. x
3. x 3. x
Occupation Address Father’s/Husband’s Name
1. x xx xx
2. x xx xx
3. x xx xx
Transferee(s) existing Folio,if any,
in same Order of Names
xx Value of Stamps
affixed
Rs.x
Dated the day of 200 x
PLACE
For Office Use Only
Folio Company Code
Checked by x Specimen 1.
Signature(s) of
Signature tallied by x Transferee(s) 2.
Entered in Register of
Transfer No. x
3.
Approval Date x
Distinctive Numbers From x
To x
Corresponding Certificate Nos.
INSTRUCTIONS FOR ATTESTATION:
Attestation, where required (thumb impression, marks, signature difference, etc.) should be done by a
Magistrate, Notary Public or Special Executive Magistrate or a similar authority holding a Public Office and
authorised to use the Seal of his office or a member of a recognised Stock Exchange through whom the
shares are introduced or a manager of the Transferor’s bank.
NOTE: Names must be rubber stamped preferably in a straight line. Chronological order should be
maintained. Broker’s Clearing Number should be stated when delivery is given by a Clearing
Member Bank.
Name of delivery Broker or
Clearing Number
Date Power of Attorney Probate x D e a th x
Certificate
xx x Letters of Administration x
Registered with the Company
No. x Date x
(Signature (not Initials) of Broker, Bank, Company or
Stock Exchange Clearing House)
Lodged by xx
Full address xx
Share Certificates to be returned to (Fill in the name
and address to which the Certificates are required to
be returned)
Name & Address xx
SHARE TRANSFER STAMPS
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