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Procedure for transfer of shares

Procedure for transfer of shares

Step-1. Seller should give notice to the company for his intention to transfer the shares.

Step-2. Now company would notify his members about the transfer offer, if no member is interested in buying it than only transfer would be processed.

Step-3. Now if transfer is to processed than prepare form SH-4 duly signed by both the seller and the buyer and should be stamped and should be handed over to the company.

Step-4. This share transfer deed should be witnessed by any person and should be signed by that person along with name and address.

Step-5. The last step is to attach the share certificate or allotment letter whichever is available and deliver the same to the company within 60 days from the date of execution.

Step-6. After receiving the documents, board would verify the same and issue the new certificate by passing a resolution.

Procedure for transfer of shares

Gujarat VAT department has issued circular

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