Transfer of Shares in Private Ltd Co.

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Bhushan Kiran Walve

Article Assistant

23 Points Joined November 2012

company registration made. during the first year paid up capital of company is Rs. 120000/- divided in to six shareholders which are directors also. Now four shareholders are not interested in company and other two shareholders are ready to buy shares of that four share holders. that four directors ready to resign their post . No bank account of the company.
what process to be followed? which ROC form to be filed?

Replies (2)

santhisundaramg

articledassistant

434 Points Joined July 2010

for transferring of shares, Board approval is required, hence pass Board resolution first.
Then transferor to surrender their original share certificates along with share transfer forms SH -4 to company.

Company will initiate transfer in the name of the transferee , the transfer details will be mentioned on back of the original share certificate surrendered by transferor to the company.

The surrendered Certificate after entering the transfer details on back of the share certificate will be handed over to transferee.

remember stamp duty to be paid by the transferee

No forms w.r.t transfer for filing with ROC other than annual return forms. While filing annual return there will be a column which will ask for transfer details during the year ,that time you need to mention Share transfer details.

Transfer details in the year to be mentioned in anuual return.