Roc
This query is : Resolved
20 February 2013
Hello All
I want to know that if a director of a pvt ltd co transfer or sell his shares to somebody then what is the requirement or things one should remember. Is there any board resolution needed for this case in respect to ROC.
Secondly, How to make the registers viz Director's, Transfer, Transmission, and other related registers to be maintained for ROC purpose.
It is urgent, kindly reply soon.
Regards
Sanjay
I want to know that if a director of a pvt ltd co transfer or sell his shares to somebody then what is the requirement or things one should remember. Is there any board resolution needed for this case in respect to ROC.
Secondly, How to make the registers viz Director's, Transfer, Transmission, and other related registers to be maintained for ROC purpose.
It is urgent, kindly reply soon.
Regards
Sanjay
20 February 2013
Hi
Procedure for transfer of shares:
Generally articles contain the details provisions as regards the procedure for transfer of share. Usually following steps shall be followed by a private company to give effect to the transfer of shares:
a) Transferor should give notice in writing for his/her intention to transfer his/her share to the company.
b) The company in turn should notify to the members as regards the availability of shares and the price at which such share should be available to them.
c) Such price is generally determined by the director or the auditors of the company.
d) The company should also intimate to the members, the time limit with in which they should communicate their option to purchase shares on transfer.
Procedure for transfer of shares:
Generally articles contain the details provisions as regards the procedure for transfer of share. Usually following steps shall be followed by a private company to give effect to the transfer of shares:
a) Transferor should give notice in writing for his/her intention to transfer his/her share to the company.
b) The company in turn should notify to the members as regards the availability of shares and the price at which such share should be available to them.
c) Such price is generally determined by the director or the auditors of the company.
d) The company should also intimate to the members, the time limit with in which they should communicate their option to purchase shares on transfer.
20 February 2013
Procedure for Transfer of shares of the Company:
1. After receiving Transfer Deed(Instrument of Transfer), Share Certificate and other documents, if any.
2. Check all documents is proper and eligible to register for transfer.
3. Call Board Meeting
4. At Board Meeting register the Transfer and made entry in the Register of Members and Register of Transfer.
5. Return the Share Certificate after making entry of transfer therein within 2 months.
6. Make entry in the minutes of Board Meeting.
7. The detail of Transfer from last AGM till the date of AGM should be submitted in Annual Return to ROC in Form-20B.
1. After receiving Transfer Deed(Instrument of Transfer), Share Certificate and other documents, if any.
2. Check all documents is proper and eligible to register for transfer.
3. Call Board Meeting
4. At Board Meeting register the Transfer and made entry in the Register of Members and Register of Transfer.
5. Return the Share Certificate after making entry of transfer therein within 2 months.
6. Make entry in the minutes of Board Meeting.
7. The detail of Transfer from last AGM till the date of AGM should be submitted in Annual Return to ROC in Form-20B.
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