Mr. Pranay Patel is the proprietor of the firm having vast knowledge of corporate laws and Compliance management. He is a fellow member of the Institute of Company Secretaries of India (ICSI) and post graduate in commerce. He is having an overall experience of 13 years and he is in whole time practice since 2012. He has held the position of Chairman of the Bhopal chapter in the year 2020 and currently active in chapter activities and regularly takes sessions for various training programs of students of ICSI.

Office Address

62-B, 2nd Floor, Opp. Jain Mandir, Near Chetak Bridge Bhopal -462023 (M.P), India

Phone Number

+917869020174

Email Address

cspranaypatel@gmail.com

TRANSFER OF SHARES

Company Values & The Relationship

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Statutory provisions related to transfer of share:

• Section 56 of Companies Act, 2013.

• Rule 11 of Companies (Share Capital & Debentures) Rules 2014.


Process to be followed by transferor & transferee:

Step 1: Obtain share transfer deed in the prescribed format (SH-4).

Step 2: Execute the share transfer deed duly signed by the Transferor and Transferee with all prescribed details.

Step 3: Stamp the share transfer deed as per the Indian Stamp Act.

(Currently @ 0.015% of the consideration).

Step 4: Have a witness sign the share transfer deed with his/her signature, name and address.

Step 5: Attach the share certificate or allotment letter with the transfer deed and deliver the same to the Company within 60 days from the date of execution of SH-4.

Process to be followed by company to register the share transfer:


Step 1: The company will convene a board meeting.

Step 2: Pass the necessary board resolution for transfer of shares.

Step 3: The company must process the documents and if approved, issue & deliver the share certificate to the transferee within a period of one month from the date of receipt of instrument of transfer.

Basic requirements before starting share transfer process:

• Duly executed SH-4

• Original share certificates of shareholders

• Email id & contact no. of transferor & transferee

• Address proof of the transferor & transferee

• PAN card of transferor & transferee


Prepared by

  • Pranay Patel & Associates Company Secretaries, Bhopal (MP)

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