How to effect share transfer to new director?

Share Certificates are not required to be filed. As and when shares are alloted, ROC has to be informed of the share allotments by filing Form 2.

So you need to inform ROC about the earlier share allotments to two directors by way of filing form 2.  You have to attach the board resolution for allotment of shares and the list of allottees alongwith form 2.

From your question I understand that only the shareholding pattern is getting changed and there is no fresh allotment. This can be done by transfer of shares by the existing directors shareholders in favour of the new director shareholder. No need for filing Form 2 for transfer of shares.

Up to my understanding, you want to know whether preparation of share certificates is necessary for transfer?

So in my opinion, yes before transferring the shares to the new director you must have to prepare the share certificates and then back on it you have to conveying the transfer. You have to just approve the transfer in the Board meeting by passing a BR. You have no need to file anything in ROC.

If i am wrong then pls correct me.

Thanks in advance

sorry but i'm still confused.

i am unaware whether Form no 2 had been filed by my CA post allotment of shares. The AOA shows the shareholding pattern. my question is:

1) should i fill the share certificate book and sign it from both directors

2) how to effect transfer once the share certificates already have previous two directors' names? how do we bifurcate the new transfer? and what is to be done post new transfer other than filing with the ROC