Hello,
I have following queries:
1) Is it compulsory that all share transfer transactions of an unlisted public/private company be routed through broker registered with SEBI?
2) If my father gives me his physical shares of any public limited company by signing Share Transfer Form and then I directly submit the documents to company’s Registrar & Transfer Agent or in house Share Transfer Department of the Company. Do I need to go through broker for this off market transaction?
3) What kind of fees are to be paid to SEBI or anyone (if any) for such off market transaction?
4) If I submit the copy of change of ownership documents to registrar of this public company of such off market transaction and if company do not update their registry and subsequently not pay me dividends what recourse I can take?
Even if you know answer of 1 question please let me know.
Thanks,
Bhaumik
CAclubindia
