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Gift-deed

This query is : Resolved 
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(Querist)
28 February 2017 One company named XYZ Ltd. desires to transfer its investment in another company named ABC Ltd. to PQR Ltd. through execution of a Gift-Deed.
Now my query is as under:
Is it necessary to register a gift-deed for transfer of shares from one company another company?
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Sandeep Dharar

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Sandeep Dharar (Expert)
28 February 2017 Yes registration is mandatory in that case
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ARUN KUMAR MAITRA

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ARUN KUMAR MAITRA (Querist)
28 February 2017 For the purpose of making a gift of movable property, the transfer may be effected either by a registered instrument signed or by delivery.
Such delivery may be made in the same way as goods sold may be delivered vide section 123 of the Transfer of Property Act.
In view of the above,gift of shares may be made through registration only because you are transferring them through execution of a Gift Deed.
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