share transferform

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CS Seema (Querist)
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26 April 2011 dear all, please clarify that the company is located in bangalore and a share tranfer need to take place then share transfer deed must be buy from their local authority or even from delhi also .

the basic question is of whether the purchase of share transfer deed should be done in the city where the comppany is actully located or can buy from any where
its urgent

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 April 2011 Section 108(1A) says the share transfer form (Form 7B) shall be presented to the prescribed authority for endorsing date and stamp. So in the referred case you may follow the following options.

The powers of the Central Government under this sub-section have been delegated to the Registrars of Companies. This power can be exercised by the Registrar of the State in which the registered office of the company is situated or by the Registrar of the State in which the transferee ordinarily resides.

Pl refer (Notification GSR No. 507(E), dated 24-6-1985, as amended by GSR No. 481(E), dated 22-4-1988) for more details.

CS Seema

CS Seema (Querist)
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26 April 2011 thanks a lot

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