Transfer v/s Transposition of Shares

This query is : Resolved

^^^ AJIT ^^^ (Querist)
Follow

10 November 2009 What are the basic differences between transfer and transposition of shares? Can transposition be availed of for part holding in a folio?

Ankur Garg

Ankur Garg (Expert)
Follow

10 November 2009 Transposition of Name means:

In case of Joint shareholders, one or more of them may require the company to alter or re-arrange the serial/order of their names in the register of members of the Company. In this process there will be need for effecting consequential changes in the share certificate issued to them.

The request of transposition may be duly considered and approved by the Board of Directors. Since no transfer of interest in the shares taken place, the question of insisting on filing of share transfer deed may not arise. Transposition does not require stamp duty also.

To conclude there is no need to execute share transfer deed for transposition of name if the request for change in the order of names was made in the writing.

Transfer of shares means transfer of the share of one person to another person by following the provisions of section 108.

Yes. Transposition be availed of for part holding in a folio subject to the approval of board of directors.

Regards

Message likes : 1 times

^^^ AJIT ^^^

^^^ AJIT ^^^ (Querist)
Follow

10 November 2009 Dear Expert,

Thanks a lot for your comprehensive reply.
Regards.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Lalan Kumar Jha

Vidit Ratanghayra

Suneel Shah

Ravikumar

Ritesh Panpaliya

Subscribe Now

Transfer v/s Transposition of Shares

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

GST CONSULTANCY

Manager- Finance and Compliance

CA Final

GST CONSULTANT