Take over Code [Regulation 3(1)(e) i.e.Inter-se Transfer]

it is not inter-se transfer but sebi compliance has to be done seperately

 Yes, it is not inter-se transfer.

Inter-se transfer= Internal transfer among promoter(s) and promoters group.

Example:- 

A Listed Company having promoters' and promoters' group holding around 60%. Now one promoter wants to transfer its 7% shares to other promoter(s).

It would be inter-se transfer under section 3(1)(e) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 And fully allowed subject to certain disclosures under Takeover Code and Insider Trading regulations.

Transfer can only be made through Stock Exchange and STT is required to be paid. Otherwise Long Term gain wuuld arise.

Now My Question:-

There is one option of off-line transfer by way of transfer slips, but it is also not workable solution as STT would not apply in this case and the transaction would cover under long term capital gain.

In case he sells shares, it is not necessary that only that promoter will purchase share. Any other persons may also purchase those shares.

so, How the transfer can take place??  

Dear Prabhat,

In your case, there is ofcouse no inter-se transfer. But the transaction is subject to certain disclosures under Takeover code and Insider trading regulations. if the holding of the promoters exceeding that limits.