Share transfer Committee

Hi,

As per clause 49 composition of a committee titled “share transfer committee” is not mandatory. However composition of ‘Shareholders/Investors Grievance Committee’ is mandatory to specifically look into the redressal of shareholder and investors complaints like transfer of shares, non-receipt of balance sheet, non-receipt of declared dividends etc.

You can 100% opt for outside external agency service (RTA) having its own share transfer system but adopt the certificates of RTA in your ‘Shareholders/Investors Grievance Committee meeting’. This would be considered as sufficient compliance.

Find below the relevant extract from Listing Agreement:

“A board committee under the chairmanship of a non-executive director shall be formed to specifically look into the redressal of shareholder and investors complaints like transfer of shares, non-receipt of balance sheet, non-receipt of declared dividends etc. This Committee shall be designated as ‘Shareholders/Investors Grievance Committee’.”

Regards

Thank you sir for the quick reply. 

Regards