transfer of shares in private limited company

what is the proceedure to be followed for transfer of shares to one of its directors in a Private limited company

Hi Kumar,

As per my knowledge,  you have to conduct Board meeting for  authorisation of  transfer of shares.

For physical transfer, get share transfer form and fill it  and get sign from both tranferor and transferee. Affix required stamps, upon value of consideration.

Expert views solicited.

C,J. Sreedevi