Transfer of shares

This query is : Resolved

mayank (Querist)
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03 October 2009 Mr A & B hold 51% & 49% shares in AB pvt ltd.
Mr A transfers his shares to Mr X.
If Mr A & X don't get the shares registered, will the transfer be valid in law?
Is there any provision for compulsorily getting the transfer registered?

Ankur Garg

Ankur Garg (Expert)
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04 October 2009 Without registration share transfer shall be void.

Registration of transfer of share and entry in the register of member is mandatory to become member of the company.

Read section-108 carefully.

Regards

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