Revalidation of transfer share deed

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GUNEET (Querist)

16 February 2013 Dear All,
If in case of a private limited company, the shares transfer deed is executed on 4th may 2012, as per my knowledge it is valid till the expiry of 2 months. But if with respect to this transfer deed the gift deed is executed and stamped on 19th july 2012, which exceeds the period of 2 months, can we revalidate the transfer deed of shares and if yes can it be revalidated now???
Please revert soon
Thanking in anticipation

Ajay Mishra

Ajay Mishra (Expert)

17 February 2013 Hi

Extension of validity of transfer deed:

Where the validity period of an instrument of transfer has expired, namely, the instrument is beyond 12 months from the date of presentation to the prescribed authority or from the date of book closure which ever is later in case of shares of a listed company and in other case 2 months from the date of presentation, the holder may make an application in Form 7C to the Registrar of Companies requesting for extension in the validity. The fee for such application is Rs.50 where the nominal value of the shares is upto Rs. 5,000 and the fee is Rs. 100 where the value exceeds Rs. 5000.
The application shall be made to the Registrar of Companies, where the registered office of the Company is situated or under whose jurisdiction the transferor or transferee resides. The Registrar on satisfaction of the cause shown in the application shall extend the validity for a period of 30 days from the date of approval by the Registrar. It should be noted that further extension will not be provided by the Registrar. Therefore, the transfer deed should be lodged with the company within the extended period only.

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GUNEET

GUNEET (Querist)

18 February 2013 Dear Ajay Sir,
Thank you!!

Ajay Mishra

Ajay Mishra (Expert)

18 February 2013 My pleasure dear................

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