Transmission of shares
This query is : Resolved
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.
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.
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.
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.
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?
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?
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.
You only fill the above details in register of transfer and members.
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