Transfer of shares- Private Company

Dear Sudhir,

As per Companies Act, 1956 company must refuse registration of transfer within 2 months from the registration of transfer deed. This provision itself indirectly convey that, company has to register transfer within 2 months. Some-time for strict compliance, language of the law is worded in negative.

Regards

Jaideep Pandya

You are correct Mr Jai.

Practically, in absence of share trasnfer deed of particular date (Where company and shareholder has concurrance), whether company may avail the benefit by delaying in regsitration of transfer.  

Regards/Sudhir

As per Section 108 share transfer document has to be presented to prescribed Government Authority (ROC) who shall stamp or otherwise endorse thereon the date on which it is so presented. So the share transfer has to be effected within 2 months from the date of such presentation.