Gift of shares of a private ltd company
This query is : Resolved
23 December 2018
Dear Friends,
My Mother in Law has gifted me her 75 shares in a private ltd company.
1. should there be a consideration since the value of shares is 0 by virtue of it being a gift
2. I have the signed share transfer deed , do I also need to take a gift deed , what is the format and do I have to take it on any stamp paper
Kindly Advise
My Mother in Law has gifted me her 75 shares in a private ltd company.
1. should there be a consideration since the value of shares is 0 by virtue of it being a gift
2. I have the signed share transfer deed , do I also need to take a gift deed , what is the format and do I have to take it on any stamp paper
Kindly Advise
25 December 2018
there is no need of any stamp paper. You can take declaration from your mother declaring her intention to transfer of share by gift on simple paper
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