Share Transfer

There are certain restrictions over the transfer of the shares of the Private lImited company the following procedure should be followed to transfer the shares:

• At first, it is necessary to obtain the share transfer deed as required in the prescribed format
• This deed needs to be duly signed by the transferor and the transferee.
• Stamp this transfer of share transfer deed with his or her name, address, and signature.
• The transfer document or the allocation letter is to be attached to the share certificate and sent to the company
• The company should process the paperwork and the transferor should be granted a new certificate in case if it is accepted.
• The transferor will request the company to transfer his shares.
• A notice will be sent by the company to all the existing members that the above-mentioned shareholder has shown the intention to transfer the shares.
• In case if no existing member has shown interest in the company then the company will intimate the transferor that he can sell his shares to a nonmember.