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How to transfer share in pvt ltd

26 February 2017

We make a private limited company in Last month.Company has 3 shareholders which is equal share holder now one want to surrender his share to remaining share holders.

so kindly tell me what is the process for transfering share in private limited company.

Siddharth Agarwal

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Kumud prasad (Practicing CS) (216 Points)
Replied 27 February 2017

Get the Share transfer deed in form SH-4 duly executed both by the transferor and the transferee. Transfer deed should bear stamps according to the Indian Stamp Act. The present rate of transfer of shares is 25 Paise for every one hundred rupees of the value of shares or part thereof. The signatures of the transferor and the transferee in the share transfer deed must be witnessed by a person giving his signature, name and address. Attach the relevant share certificate or allotment letter with the share transfer deed and deliver the same to the company. The share transfer deed should be deposited with the company within sixty (60) days from the date of such execution by or on behalf of the transferor and by or on behalf of the transferee. After receipt of share transfer deed, board shall consider the same. If the documentation for transfer of share is in order, board shall register the transfer by passing a resolution.

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