Transfer of shares without consideration
This query is : Resolved
28 May 2008
Can I know the procedure to be followed for transferring shares without consideration for a pvt. ltd. & public ltd. company?? (If shares are gifted)
28 May 2008
is there any provision in act which allow this? i never seen it.
a good idea may be to issue shares at very nominal value and treat the difference as discount on issue of shares.
i am not sure if company can issue shares at 100% discount.
a good idea may be to issue shares at very nominal value and treat the difference as discount on issue of shares.
i am not sure if company can issue shares at 100% discount.
03 June 2008
if ur question was not related to company issue and u meant to transfer shares held be a person to another person, the receiver need to send ur share certificates to company alongwith share transfer form duly signed by u and receiver. then co. will issue new certificate in his name. it will not ask abt consideration.
if u have shares i dmat form, u can give instructions to ur depository to transfer the shares in a/c of receiver. he will do it without asking abt remuneration.
if u have shares i dmat form, u can give instructions to ur depository to transfer the shares in a/c of receiver. he will do it without asking abt remuneration.
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