Board Resolution for Transfer of Shares

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CA. Manthan Ruparelia

Chartered Accountant

94 Points Joined December 2008

Do any one give me format of Board Resolution for Transfer of Private limited Co's Shares to Foreign Company ?

Replies (6)

CS Arpita Rajpurohit

Company Secretary

1111 Points Joined December 2008

Transfer of Shares:

The Chairman informed the Board about receipt of 1 nos. of Share Transfer Application consisting of 40,000 Equity Shares. The matter was discussed at length and after various deliberations the following resolution was passed:

“RESOLVED THAT 1 no. of Share Transfer Application comprising of 40,000 Equity Shares be and is hereby approved and that the shares be transferred as per details mentioned below:

Sr. No.	Name of Transferor	Name of Transferee	No. of Shares Transferred
1	____________	______	40,000

"RESOLVED FURTHER THAT Mr. ________, the General of the Company be and is hereby authorised to make necessary endorsement on the reverse of the Share Certificates and send it to the transferees whose name is entered in the Register of members.”

Lawyer

21 Points Joined June 2011

Can you approve a transfer by circular board resolution?

Rakesh Jha

25 Points Joined June 2011

Do any one give me format of Board Resolution for Transmission of Private limited Co's Shares ?

Thanks & Regards,

Rakesh Jha

Secretarial Department

P C Agrawal

Registered independent director Past Ch

8229 Points Joined March 2007

Yes, you can approve transfer by passing resolution by circulation.

CS Smriti Sharma

ACS B Samrish & Co.

880 Points Joined July 2011

Resolution for Transmission of Shares;

“WHEREAS the company has received a notice in writing from "A" and "B", a nominees of the deceased share holder for 1,30,000 equity shares of Rs.10/-each along with death certificate of the deceased shareholder a copy of which is circulated among the directors;

AND WHEREAS the said nominees elected to be registered themselves as holders of the said shares;

AND WHEREAS the said nominees have sent to the company the required evidence as to the death of the said share holder and also the proof of them being the nominees of the deceased shareholder. NOW,THEREFORE,

"RESOLVED that 1,30,000 number of shares of Rs.10/- each standing in the name of "C "who has deceased be transmitted to andregistered in the name of "A" and "B" being the nominees of the said shareholder.

"RESOLVED FURTHER THAT the secretary of the company be directed to do the needful in connection therewith or ancillary or incidental thereto.”