TRANSFER OF SHARES
Transfer of shares involve transfer of title from one person to another. Now transfer your share easily with the assistance of LEGALDISHA.
Transfer of shares involve transfer of title from one person to another. Now transfer your share easily with the assistance of LEGALDISHA.
APPLY FOR TRANSFER OF SHARES
Share transfer means transfer of title in shares. It is a handing over of the benefits, rights and duties from a shareholder who is not willing to continue as a shareholder to the person who is willing to be a shareholder of the company. As per the clauses of articles of association, shares of the company are transferred.
DSC of director to sign forms.
Copy of Board Resolution approving tranfer.
• PAN card of the proposed Shareholder.
• Aadhar Card/ Voter ID/ Passport/ Driving License.
Notice of transfer of share from transferor to company.
Duly Stamped transfer deed/ instrument between transferor and transferee.
Within a period of 60 days from the date of execution of transfer instrument , transfer of shares is required to be registered with the company. Within one month from the date of receipt of transfer instrument, certificate of shares shall be issued to the transferee.
Collection of all the required documents and relevant information for transfer
Execution of transfer deed/ instrument between transferor and transferee in SH-4 form.Delivery of transfer deed to the company by the transferor or transferee of shares in form SH-4 along with the certificates of shares with the company within 60 days of execution of the deed.
Board Meeting conducted to check the deed and documents and that stamp is duly affixed on the transfer deed or not. After satisfaction pass resolution for the approval of transfer of shares and authorizing person to do acts and deeds.
Then company shall issue notice in the e-form along with attachments to the transferee for giving “No objection” to transfer within the period of 2 weeks from the date of receipt of the notice.
The company shall issue the share certificate in favour of the transferee within one month of receipt of transfer deed.
Share transfer refers to willingly handing over of the benefits ,rights and duties from a shareholder who is not willing to continue as a shareholder of the company to the person who is willing to be a shareholder of such company.
Yes, Shares of the company are transferable in the manner so provided under the articles of the company.However in can of restriction articles of association can be amended according before transfer limiting to the provisions of companies act.
Within a period of 60 days from the date of execution of transfer instrument , transfer of shares is required to be registered with the company.
Within one month from the date of receipt of transfer instrument, certificate of shares shall be issued to the transferee.
• Company in Default- Fine of minimum Rs.25000 and maximum Rs. 5 lakh.
• Officer in Default- Fine of minimum Rs.10000 and maximum Rs. 1 lakh.
No, You are not required to be physically present for the filing FORM-SH-4. LegalDisha.com provides you online services and assistance for the same.
