Transfer of shares

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Shital Shejwal (Querist)
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20 April 2011 If there is partly transfer of shares then what procedure to be completed in that regard and what to do with old share certificate.

Jayashree S Iyer

Jayashree S Iyer (Expert)
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21 April 2011 Old share certificate is to be sent to the company alongwith share transfer form. The company will cancel the old SC and issue two new certificates, one to the transferee to the extent of shares transferred and the other to the existing shareholder to the extent of shares remaining untransferred.