TRANSFER OF SHARE
This query is : Resolved
sampad mohanty
(Querist)
19 June 2009
SIR/MADAM
A SHAREHOLDER OF A PRIVATE COMPANY WANTS TO TRANSFER ITS SHARE TO ANOTHER SHAREHOLDER THEN WHAT ARE THE PROCEDURE TO FOLLOW.
THANKING YOU
SAMPAD MOHANTY
A SHAREHOLDER OF A PRIVATE COMPANY WANTS TO TRANSFER ITS SHARE TO ANOTHER SHAREHOLDER THEN WHAT ARE THE PROCEDURE TO FOLLOW.
THANKING YOU
SAMPAD MOHANTY
CA. B.SRINIVASULU
(Expert)
20 June 2009
Step 1 : Value the shares.
Step 2 : If the tranfer value is more (say) Rs.10 Lakhs and abve get a CA certificate for valuation.
Step 3 : On receipt of money the seller should sign on the tranfer deed and stmp duty has to be paid to Regional Roc where your company is registered.
Step 4 : Send the shares to company for tranfer.
Step 5 : After the shares are tranferred at the Board meeting you have to get back your original certificates wherein your name will apper there as a holder of share.
Step 2 : If the tranfer value is more (say) Rs.10 Lakhs and abve get a CA certificate for valuation.
Step 3 : On receipt of money the seller should sign on the tranfer deed and stmp duty has to be paid to Regional Roc where your company is registered.
Step 4 : Send the shares to company for tranfer.
Step 5 : After the shares are tranferred at the Board meeting you have to get back your original certificates wherein your name will apper there as a holder of share.
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