transfer of shares by way of gift

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Pooja Mody (Querist)
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05 October 2010 for transfer of shares by way of gift is the execution of gift deed is mandatory? if yes den will the non execution of the same have any effect for filing the annual returns with ROC?

Ajay Mishra

Ajay Mishra (Expert)
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06 October 2010 Hi

Transfer of shares by way of gift will be registered by company only when, the transferor/ transferee submit gift deed and share certificate to company, otherwise transfer will not take effect.

You can not file annual return unless you have not taken effect of such transfer with ROC.

Regards

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