18 May 2015
Could anyone explain me the procedure of transfer of shares from one director (being resigned from co.) to another(one,getting appointed in place of the former) in case of pvt. ltd.
As in what forms & attachments should be filed with ROC?
An instrument of transfer ( Form SH-4 of the Companies (Share Capital and Debenture ) Rules 2014, (ie; erstwhile Form 7B),duly stamped and dated, and executed by or on behalf of the transferor and transferee showing the name , address and occupation of transferee (for entering in the register of members) has to be delivered to the company by either of the transferor or the transferee within a period of 60 days from the date of execution alongwith the share certificate or letter of allotment (if there are no share certificates)
The details of transfer have to be mentioned in the Annual Return filed with ROC (for the respective financial year) in Form MGT-7 of the Companies (Management and Administration ) Rules, 2014 (erstwhile Form 20B) . Stamp duty to be paid by affixing Revenue Stamps of equivalent value as prescribed by the Stamp Act of the respective State where the transfer is executed.
CAclubindia
