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Procedure to transfer the shares of pvt ltd Company (LAW)

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This query is : Resolved


( Author )
11 January 2008

Dear Sir

Can i know the procedure to transfer the shares of private limited company in detail? whether any stamp duty has to be paid if the shares transferred are unlisted in Bangalore stock exchange?


R.V.RAO

( Expert )
11 January 2008

THROUGH A VALID SHARE TRANSFER DEED (ROC CAN VALIDATE IF EXPIRED),YOU CAN TRANSFER SHARES OF A PVT. LTD. CO.
NO STAMP DUTY BUT ONLY SHARE TRANSFER STAMPS HAVE TO BE AFFIXED ON THE BACKSIDE OF THE TRANSFER DEED.
VALIDITY OF THE SHARE TRANSFER DEED IS 12 MONTHS OR BOOK CLOSURE DATE WHICHEVER IS LATER.
PVT LTD CO. SHARES AND -BANGALORE STOCK EXCHANGE- IT IS CONFUSING REALLY.
PVT. LTD. COMPANY SHARES HAVE NOTHING TO DO WITH ANY STOCK EXCHANGE.
ONLY PUBLIC LISTED SHARES ARE TRADABLE ON A STOCK EXCHANGE.
R.V.RAO


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