Inter-se Transfer of Shares Among promoters

I think it is very simple. Simply go for off-line transfer. Fill-up the slips (received with d-mat accont opening kit) and submit the same to the concerned DP.

Thanks Ankur Ji.

But what about STT??

if STT has not been paid, seller has to pay long term Capital Gain.

Originally posted by : Ankur Srivastava
	But what about STT?? if STT has not been paid, seller has to pay long term Capital Gain.

 Dear  Ankur,

You are right that in case of off - line transfer, STT is not applicable and accordingly Capital gain will be taxable in the hands of the seller as short term or long term Capital gain / loss, as the case may be.

You can do a block deal. STT would be paid and it would be regarded as one to one transaction.

In order to facilitate execution of large trades, a separate trading window is provided. A trade, with a minimum quantity of 5,00,000 shares or minimum value of Rs.5 crore executed through a single transaction on this separate window of the stock exchange will constitute a BLOCK Deal.

However, the transaction does not fall under the category of Block Deals.

Dear Sir,

Can you please tel me that  when we follow the procedure of  transfer of shares then is it neccessary that  the shares should be in demat form in case of inter- se transfer under regulation 10 (1) (a) (ii) according to new takeover code.

if physical shares can be transfered then what is the procedure for transfer of share.