ACA
1432 Points
Joined May 2009
Where the validity period of transfer deed has expired, the holder is required to make an application in Form 7C to the Registrar of Companies requesting for extension of the validity of the deed by explaining the sufficient cause for not lodging the deed in time with the company.
The fee for such application is Rs.50 where the nominal value (i.e. Paid Up Value) of the shares is upto Rs. 5,000 and the fee is Rs. 100 where the value exceeds Rs. 5000.
The application shall be made to the Registrar of Companies, where the registered office of the Company is situated or under whose jurisdiction the transferor or transferee resides. If the Registrar is satisfied on the cause shown by the applicant, he will extend the validity for a period of 30 days from the date of approval by the Registrar. Please note that further extension will not be provided by the Registrar. So you need to lodge the deed with the company within the extended period only.