shares transfer in pvt co.

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karthik P

karthik P (Querist)
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31 October 2009 can i have the form for shares transfer in a pvt co.

Satpal Singh

Satpal Singh (Expert)
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31 October 2009 You can take it from the stock exchange by paying a nominal fee.

Ankur Garg

Ankur Garg (Expert)
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31 October 2009 Transfer Deed is compulsory

Section 108 provides that a company shall not register a transfer of shares of, the company, unless a proper transfer deed in Form 7B as given in the Companies (Central Government's) General Rules and Forms, 1956 duly stamped and executed by or on behalf of the transferor and by or on behalf of the transferee and specifying the name, address and occupation, if any, of the transferee, has been delivered to the company, alongwith the certificate relating to the shares, or if no such certificate is in existence, alongwith the letter of allotment of the shares:

Validity of unstamped/non-cancelled stamped on transfer deed

Section 108 requires that where share transfer form is delivered to the Board it should be duly stamped. It means stamp of adequate value should be affixed and cancelled on transfer deed.

Ankur Garg

Ankur Garg (Expert)
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31 October 2009 Value of share transfer stamps to be affixed on the transfer deed

Stamp duty for transfer of shares is 25 paise for every Rs. 100 or part thereof of the value of shares as per Notification No. SO 130(E), dated 28-01-2004 issued by the Ministry of Finance, Department of Revenue, New Delhi.

karthik P

karthik P (Querist)
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02 November 2009 thanks a lot

Ankur Garg

Ankur Garg (Expert)
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03 November 2009 You are welcome

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