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Shaare transfer in pvt ltd company

05 August 2015

Hello I started a company in 2011 in Karnataka. That time A and B are the directors. in 2013, B director left and we adeed C director to the company (same time). But not transfered the shares. Now i want to transfer the shares from B director to C director.

Please give me the deatile frocedure for this.

I am heartly appreciate who gives the answer for this.

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2 Replies

prakash (Company Secretary) (1352 Points)
Replied 05 August 2015

Joy,

Why it is blank?

1 Like

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (3293 Points)
Replied 07 August 2015

Review the AOA: Articles of Association of the Private Limited Company must be reviewed and restrictions, if any must be addressed.

To effect the share transfer, the following steps must be followed:

Step 1: Obtain share transfer deed in the prescribed format.
Step 2: Execute the share transfer deed duly signed by the Transferor and Transferee.
Step 3: Stamp the share transfer deed as per the Indian Stamp Act and Stamp Duty Notification in force in the State.
Step 4: Have a witness sign the share transfer deed with his/her signature, name and address.
Step 5: Attach the share certificate or allotment letter with the transfer deed and deliver the same to the Company.
Step 6: The company must process the documents and if approved, issue new share certificate in the name of the transferee.