Transfer of Preference shares

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sikunet (Querist)
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05 November 2009 What is the procedure to transfer preference shares of a public ltd co. held by a preferece share holder to another person? Are there any restrictions on such a transfer? Should the preference shareholder take the approval of the company in effecting such a transfer? What other legal formalities are there in such a transfer?

UMA SHANKER SHARDA

UMA SHANKER SHARDA (Expert)
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06 November 2009 In case of limited company, shares are freely transferable. Hence there is no difference in the procedure to transfer either equity or preference shares. Hence the same procedure is to be followed for transfer of preference share as we adopt in equity shares.

Thanks,
CS U S Sharda

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