Transfer of Shares
This query is : Resolved
19 July 2011
Dear,
Share Transfer Forms are valid upto 2 months from the date of Form (which embossed by ROC on the trf. form)
If anyone used back dated forms more than two months earlier and also paid Trf. Duty on that. So, wht is the wayout/ Solution for that?
B'se amt of trf. duty is heavy.
Share Transfer Forms are valid upto 2 months from the date of Form (which embossed by ROC on the trf. form)
If anyone used back dated forms more than two months earlier and also paid Trf. Duty on that. So, wht is the wayout/ Solution for that?
B'se amt of trf. duty is heavy.
23 July 2011
Validity of transfer deed
In the case of listed company, at any time before the date on which the register of members is closed, in accordance with law, for the first time after the date of the presentation of the prescribed form to the prescribed authority under clause (a) of section 108(1A) or within twelve months from the date of such presentation, whichever is later. In any other case, within two months from the date of such presentation.
EXTENSION OF VALIDITY OF TRANSFER DEED_PROCEDURE
In case the validity period of a share transfer deed has expired, the same can be extended by making an application in Form 7C to the ROC. The fee for such application is Rs.50 where the nominal value of the shares is upto Rs. 5,000 and the fee is Rs. 100 where the value exceeds Rs. 5000.
The application shall be made to the Registrar of Companies, where the registered office of the Company is situated or under whose jurisdiction the transferor or transferee resides. The Registrar on satisfaction of the cause shown in the application shall extend the validity for a period of 30 days from the date of approval by the Registrar. It should be noted that further extension will not be provided by the Registrar. Therefore, the transfer deed should be lodged with the company within the extended period only.
In the case of listed company, at any time before the date on which the register of members is closed, in accordance with law, for the first time after the date of the presentation of the prescribed form to the prescribed authority under clause (a) of section 108(1A) or within twelve months from the date of such presentation, whichever is later. In any other case, within two months from the date of such presentation.
EXTENSION OF VALIDITY OF TRANSFER DEED_PROCEDURE
In case the validity period of a share transfer deed has expired, the same can be extended by making an application in Form 7C to the ROC. The fee for such application is Rs.50 where the nominal value of the shares is upto Rs. 5,000 and the fee is Rs. 100 where the value exceeds Rs. 5000.
The application shall be made to the Registrar of Companies, where the registered office of the Company is situated or under whose jurisdiction the transferor or transferee resides. The Registrar on satisfaction of the cause shown in the application shall extend the validity for a period of 30 days from the date of approval by the Registrar. It should be noted that further extension will not be provided by the Registrar. Therefore, the transfer deed should be lodged with the company within the extended period only.
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