Transmission of shares

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Priya (Querist)

11 March 2013 Dear All

what are the compliances a CS must ensure for transmission of shares in the records of the company once transmission is approved by Board

1) New folio number in register of members to the legal heir

2) entry in register of transmission of shares

3) entry in register of members for the member who expired

what should be mention under the head 'transfer no.' on share certificate (because there is no transfer)

can anyone advice.

Ajay Mishra

Ajay Mishra (Expert)

11 March 2013 Hi

Please check, what your article says, on that. Generally the Transfer no includes transmission, so u can use it as transfer.

Other views are also solicited.

Priya

Priya (Querist)

11 March 2013 Thanks sir for your response.

Sir, there is no specific mention in the AOA for the recording. So in case my last transfer number is 82, can i give 83 as the transmission number?

Do i have to mention anything else on the share certificate for a normal person to understand that this was a case of transmission and not transfer?

Ajay Mishra

Ajay Mishra (Expert)

11 March 2013 No need to mentioned other details, you only mentioned no., date of registration and name of the transferee.

You only fill the above details in register of transfer and members.

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