Procedure of transfer of shares

For transferring shares, you'll need a stamped share transfer deed executed in the name of the transferor and the transferee. attach the share certificate to the deed and deliver it to the company. the deed also needs to be signed by a witness. If you get the process right, the board shall transfer the shares in the name of the transferee.

As per the provision of section 56 of the Companies Act 2013, the intention shall be made by transferor to transfer the shares to transfreee.

Pass the Board resolution for transfer of shares specifying the certificate, folio and distinctive no.

Execute the share transfer deed duly filed and signed by both transferor and transfree.

Pay the stamp duty @ 0.25 paise for every share or part thereof.

take note of transfer of share.

endross on the back of share certificate that shares has been transfered from Mr. A to Mr. B