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Transfer of shares

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(Querist)
21 September 2012 Is it mandatory to get the signatures of transferor attested by bank in transfer form 7B?
Do section 108 of companies act mandates such attestation?
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Ajay Mishra

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Ajay Mishra (Expert)
21 September 2012 Hi


Yes,

Attestation should be done by Magistrate, Notary Public, or Special Executive Magistrate or similar Authority holding a public office and authorise to use the seal of his office or members of recongnised stock exchange through whome the shares are introduced or a manager of the transferor bank.
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