Apportionment of share between share holders

Dear Prakasam,

You can transfer the number of shares from husband to wife accordingly to arrive at the new ratio of 9:25.

For example. Suppose there are 34000 shares in the company. husband holding 28000 shares. Wife holding 6000 shares.(Rarion 28:6). To arrive at the new ratio of 9:25, you can transfer 19000 shares from the husband to the wife.

Shareholding pattern after transfer:

Husband 9000, Wife 25000.

Board Resolution:

The Chairman informed the board that the Company has received transfer deed from the respective transferee for transfer of shares. The board discussed the matter of transfer of shares and approved the following transfer deed and passed the following resolution.

“RESOLVED THAT the transfer deed bearing signature of transferor and transferee and containing following details, be and is hereby approved and name of the transferee be entered in the Register of Members of the Company.”

“FURTHER RESOLVED that Mr._______, Director  be  and  is   hereby  authorised to endorse  the same in  favour  of  the transferee to  give  effect to the above said resolution.”