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Share transfer query

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RG - A Helping Hand

Company Secretary

7877 Points Posted on 22 November 2011

Need one advice regarding share transfer:

State of incorporation of a private company ---- M.P.

Board Meeting held for share transfer ---- M.P.

Now can we use share transfer deed issued by the authority of Delhi NCR or is it compulsory to use share transfer deed of M.P.

Replies (4)

Pavan Jain S

Chartered Accountant

1445 Points Posted on 22 November 2011

You can use share transfer deed issued by any ROC

RG - A Helping Hand

Company Secretary

7877 Points Posted on 22 November 2011

Thanks for your reply sir.

In my case transfer executed in M.P. through an agreement and board meeting and transferor also belongs to M.P. so as per my understanding transfer deed of M.P. should be used.

Smriti Dhawan

Company Secretary

348 Points Posted on 23 November 2011

In case of transfer of shares there is nothing to do with the place where the Board meeting was held, The transfer deed should be of the State where registered of the company is situated. So in your case it is compulsory to obtain share transfer deed issued by ROC of Madhaya Pradesh.