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Querist : Anonymous

Querist : Anonymous (Querist)

17 September 2011 Sir,

If private limited company has allotted shares on 26-11-2002, and share certificate has been given 1-10-2007's date and the same share has been sold out by the transferor to transferee on the same day that is 1-10-2007 and the share transfer form's office use menu's 3 formalities (1) checked by, (2) signature tallied by, (3) entered in register of transfer no. have not been done(all are blank) only the date has been written on 20-9-2007's share transfer form date has been written 1-10-2007, but the sign on share certificate and share transfer form has been done by transferor then this is counted as valid share transfer to the transferee?

Please reply,

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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18 September 2011 It seems that you are talking of share transfer of a private limited company. Generally in cases of private limited companies these type of irregularities are noted. Kindly get it corrected and all the fill in the blanks be filled.

Note that proper stamp duty has been paid for share certificate as well as transfer.

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