regarding share transfer deed

This query is : Resolved

ACS Tanushree Trivedi (Querist)
Follow

18 June 2011
Dear Experts,

My query is regarding share transfer deeds,

1. If both the parties to transfer, belongs to same state Rajasthan & the company is also from Rajasthan, then

Que) Can Transfer deeds of any other state like Maharashtra be used to validate the share transfer?

2. For unlisted public ltd company as validity of transfer deed is two months, if deed dated 15th December, received to company on 10th February for share transfer and company hold meeting on 28th February to validate the same then

Que) Can it will be a treated as valid transfer of share?

Please clarify?

CA Sumat Singhal

CA Sumat Singhal (Expert)
Follow

12 July 2011 answer of Q.No.2
The validity of transfer deed used for transfer of shares by a private limited company is two months. in your case it is 15 December to 14 February.

since your transfer deed is franked before the validity expires, you can lodge the same for transfer with the Company.

the board can approve the transfer on later date. if it is done so your transfer deed cant be invalid.

if you are not comfort in doing so you can use the option of re-validation of transfer deed also.

ACS Tanushree Trivedi

ACS Tanushree Trivedi (Querist)
Follow

12 July 2011 thanks for the assistence sir..
i will do that .
any idea for fisrt ques?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now