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transfer of shares

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(Querist)
13 March 2009 The shareholder of a Public Limited Company in Himachal Pradesh wants to transfer their shares. What procedure should be followed, please answer.
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CS Mukesh Arora

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CS Mukesh Arora (Expert)
26 March 2009 This depends upon whether the company is listed or unlisted.

In case of listed companies, shares can be sold through the stock exchanges,

In case of unlisted companies, share can be tranferred after execution of transfer deed, duly stamped in favor of the buyer and approval by the Board

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