Kindly give the complete procedure for transferring the shares from an old director to new director of company ( Private limited ).
Also i want to know the procedure to pay the stamp duty on transfer the shares. (Delhi).
Thanks in advance.
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Quick Summary
This discussion outlines the process for transferring shares between directors in a Private Limited company. It details the use of Form SH-4, stamp duty calculation based on transfer proceeds, and submission to the company for registration. Tax implications under Section 56 of the Income Tax Act are also highlighted, clarifying that share proceeds go to the seller, not the company.