Provisions relating to Transfer of Shares of Listed and unlisted companies

Affluence Advisory | Last updated: 08 June 2023

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This article outlines the rules for transferring shares in different types of companies. For listed companies, only shares held in demat form can be transferred, while physical shares are restricted except in specific offers. Unlisted public companies require shares to be in demat form for transfers post-October 2018, processed through depositories. Private companies, however, still permit the transfer of physical shares, following a specific procedure involving an instrument of transfer and company approval.

Nature of Company Whether transfer of shares allowed and if yes in what form? Provisions Listed Company (Equity listed) Transfer of shares held in physical form is not allowed. Transfer of shares held in demat form is allowed. Physical share certificates can be tendered in buybacks through tender offer, open offers and exit offers in case of voluntary or compulsory delisting. 1st proviso to

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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