Proprietor
954 Points
Joined December 2010
No E form is to be filed as such.
--There has to be a share purchase agreement between buyer and seller.
--The transfer of shares has to be approved by meeting of Board of Directors
-- The Share transfer form with proper stamp duty paid has to be filled in
-- The Share certificate has to be noted with endorsement of transfer
-- The corresponding entries are to be made in statutory register.
-- At the time of filing Annual Return (Form 20B) the transfer of shares has to be mentioned
(This applies in case both buyer and seller are Indian Ressidents. In case any of them is a NRI or Foreign National, there will be additional RBI formalties to be complied with)