Pvt. Ltd. Co. - validity of share transfer forms

Hi

Sec. 108 of the Companies Act, 1956 provides that '.............

(i) in the case of shares dealt in or quoted on a recognised stock exchange, at any time before the date on which the register of members is closed,in accordance with law, for the first time after the date of presentation of the prescribed form to the prescribed authority under clause (a ) or within (twelve months) from the date of such presentation, whichever is later;

(ii) in any other case, within two months from the date of such presentation.  

Kindly advice whether 'in any other case' mentioned above i(ii) includes private ltd. companies?

If not what is the validity period for share transfer froms of Pvt. Ltd. cos?

best regards,

Rajesh