25 April 2014
As per section 56 of Companies Act, 2013 read with rule 11 of Companies (Share Capital and Debentures) Rules, 2014 , the format for share transfer deeds have been changed and now require to be in SH. FORM 4. Certain transfer deeds duly executed have been received by the company in old format on or after 1.4.2014. Since the company is receiving the said deeds after the commencement of the Act,will it be necessary for it to advise the transferors/transferees to re-submit the said deeds in new format?
25 April 2014
If the date of transfer relates to earlier period, the old form may be accepted. in my opinion. The date of transfer is the point to consider.
CAclubindia
