Procedure for Transfer of Shares
Transfer of shares is done by companies on regular basis. The Companies Act lays down the provisions related to transfer and transmission of shares of Company. Transfer of shares is when the title of shares is transferred from one person to another. The person whose shares are getting transferred is called transferor the person to whom the shares are transferred are called transferee. Wherein transmission of shares is done by operation of law in case of death, insolvency, lunacy, inheritance. RELATED PROVISIONS As per Section 56,58 of the Companies Act, 2013 read with Rule 11 of Companies (Share Capital & Debenture) Rules, 2014. STEPS INVOLVED IN THE SHARE TRANSFER 1. The transferors and the transferees have to intimate the company their intention to transfer the shares. 2. Execute an instrument in form SH-4 along with stamp duty .it should be duly singed by both the transferor and transferee, an...