Transfer of shares

TRANSFER OF SHARES AS PER SECTION 56 OF THE COMPANIES ACT FROM ONE RESIDENT TO OTHER

FIRST OF CHECK THE PROVSION IN THE ARTICLES OF ASSOCIATION REGARDING THE TRANSFER OF SHARES

THE SHAREHOLDER MUST GIVE NOTICE IN WRITING TO DIRECTORS ABOUT HIS INTENTION TO TRANSFER THE SHARES

THERE IS THE RIGHT OF PRE-EMPTION , FIRST OF ALL SHARES ARE GIVEN TO THE MEMBERS OF THE PVT COMPANY , IF NONE OF THE MEMBER COMES FORWARD , THEN IT IS GIVEN TO OUTSIDER.

PASS THE BOARD RESOLUTION FOR TRANSFER OF SHARES

EXECUTE THE SHARE TRANSFER DEED IN FORM SH 4 DULY SIGNED BY TRANSFEROR AND TRANSFREE ALONG WITH THE SIGNATURE AND NAME AND ADDRESS OF WWITNNESSES.

PAY THE STAMP DUTY @ .25 PAISA FOR EVERY 100 RS OR PART THEREOF.

SEND THE SHARE TRANSFER FORM ALONG WITH THE SHARE CERTIFICATE TO THE COMPANY

ON THE BACK OF THE SHARE CERTIFICATE , ENDROSE THE SHARE CERTIFICATE TO THE TRANSFREE.