Transfer Shares of Private Limited Companies
Procedure for transfer
1. Transferor has to give a notice in writing his consent to transfer his share to company
2. On receipt of such notice, the company has to notify the other members regarding the availability of such shares and the price (valued by Auditor or Director)
3. Intimate the time limit also
4. If internal member don't buy then outsider can purchase.
5. Submit the Share transfer deed from shareholder duly executed by company.
6. after receiving of share transfer deed + share certificate >>> pass a board Resolution and register the entry for transfer.
What kind of documents required
1. Intent Notice by transferor to Company
2. Board Resolution for considering the Notice by transferor to Company
3. Letter of Offer made by company to existing shareholder
4. Dissent letter from existing shareholders
5. SH-4 form along with stamp duty paid
6. Share certificates
7. Board resolution for registering transfer of shares
posted by CA Manoj Sharma @ January 08, 2021
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