Share Transfer Procedure

Sanjay/ January 13, 2022/ Uncategorised


Documentation Required

1. Notice by transferor shareholder to Company about intention of Share transfer.    (Annexure-A)

2. Board Resolution for considering the Notice by transferor to Company

3. Letter of Offer made by company to existing shareholder                                       (Annexure-B)

4. Dissent letter from existing shareholders                                                                 (Annexure-C)

5. Share Transfer Deed in SH-4 form along with stamp duty paid                                (Annexure-D)

6. Share certificates

7. Board resolution for registering transfer of shares                                                   (Annexure-E)

Annexure-A

To,

The Board of Directors ________________

11, Wave Tower, Shankar Market, New Delhi-110001

Sub: Request for transfer of ………….Equity Shares

This is to inform you that I,………………, the authorized representative of ____________, the Shareholder of ………………. request you to transfer my 6425 Equity Shares held in the Company for a total consideration of Rs.12,85,000 (Rupees Twelve Lakh Eighty Five thousand only) by making first offer to the other existing shareholder of the Company, as required by the Articles of Association of the Company.

This is to further inform you that in case the existing shareholder refuses to buy the offered shares then I request you to kindly allow me to transfer the said 6425 Equity Shares in favor of any person at a same or higher price as per Article __ of the Articles of Association of the Company.

Thanking you,

 On Behalf of ____________

…. ……………………

 (Authorized Representative)

Annexure-B

Date: 11.03.2017

To,

The Member

———

 …….

 “LETTER OF OFFER”

We would like to inform that __________________, the Shareholder of our Company proposed to transfer its 6425 (Six Thousand Four Hundred and Twenty Five Only) Equity Shares, held in the Company having face value of Rs.10/- each at a premium of Rs. 190 each, amounting to a total consideration of Rs.12,85,000 (Rupees Twelve Lakh and Eighty Five thousand only) to the other existing shareholder of the Company. Pursuant to Article 7 of the Articles of Association of the Company, the other existing Equity shareholders of ASF Infrastructure Private Limited who are willing and wish to avail the said offer may accept by notice in writing. However, failing such acceptance, the offer shall be deemed to be declined and the Board of Directors may proceed to allow him to transfer this equity share to any person/(s) at the same or higher price.

Certified True Copy

For ……………. Private Limited

 ………..

(Director)

DIN: ………………

Annexure-C

Date: 18.03.2017    

 To, ……………. ……………………..

Sub: Intimation for the transfer of shares

This is in reference to dissent letters dated 15th March, 2017; the Company would like to inform that none of the existing shareholder wishes to buy the shares offered by you. Therefore, as per Article 7 of the Articles of Association of the Company, you may transfer your 6425 Equity Shares to any other non-existing shareholder.

For …………… Private Limited

 ……………… (Director)

DIN: ……………..

Annexure-D

Form No. SH-4

Securities Transfer Form

[Pursuant to section 56 of the Companies Act, 2013 and sub-rule (1) of rule 11 of the Companies (Share Capital and Debentures) Rules 2014]

Date of execution: 01.10.2016

FOR THE CONSIDERATION stated below the “Transferor(s)” named do hereby transfer to the “Transferee(s)” named the securities specified below subject to the conditions on which the said securities are now held by the Transferor(s) and the Transferee(s) do hereby agree to accept and hold the said securities subject to the conditions aforesaid. –

CIN: …………….

Name of the company (in full): ………………. PRIVATE LIMITED

Name of the Stock Exchange where the company is listed, if any: N.A.

DESCRIPTION OF SECURITIES:

Kind/Class of Securities   (1)Nominal value of each unit of security (2)Amount called up per unit of security (3)Amount paid up per unit of security (4)


Equity Shares10/-10/-10/-
Distinctive Number


From159541


189411


  
 To189410


219499


  
Corresponding Certificate No


 1516  
Transferor’s Particulars–
Registered Folio Number:07
S.NoName(s) in fullSignature(s)


1  

I, hereby confirm that the Transferor has signed before me.

Signature of witness:

Name and address:

Transferee’s Particulars

Name in fullFather’s/Mother’s/Spouse nameAddress & Email IDOccupationExisting folio No., if anySignature
      
      

Folio No. of Transferee: 14                           Specimen Signature of Transferee

Value of stamp affixed: Rs. 608 (Rs. Six Hundred  Eight)

Stamps

Enclosures:

(1) Certificate of shares or debentures or other securities

(2) If no certificate is issued, letter of allotment.

(3) Others, specify

For office use only

Checked by……………..

Signature tallied by……………………….

Entered in the Register of Transfer on …………….. vide Transfer No. …….

Approval Date ………………..

Power of attorney / Probate / Death Certificate / Letter of Administration Registered on ……………….. at No…………………………..

 On the reverse page of the certificate Name of the Transferor          Name of the Transferee                 No. of shares   Date of Transfer                     Signature of the authorized signatory

Annexure-E

Certified True Copy of the resolution passed at the 153rd meeting of the Board of Directors of ….. Private Limited held on Wednesday, the 22nd day of March, 2017 at 11.00 A.M at a shorter notice at its Registered Office at ………………

TRANSFER OF SHARES

 “RESOLVED THAT pursuant to the provisions of Section 56 of the Companies Act, 2013 and all other applicable provisions thereof read with the Articles of Association of the Company, transfer of 6425 Equity Shares of Rs. 10 /- each (Rupees Ten only) at a Premium of Rs. 190/- each (Rupees One Hundred Ninety only) of the respective shareholder as per the entries made in the Share Transfer Register produced at this Meeting be and is hereby approved as follows:

Transfer No.Name of TransferorName of TransfereeNo. of SharesDistinctive No.’sTransaction Value
      

RESOLVED FURTHER THAT any of the Directors of the Company be and is hereby authorized to make necessary endorsement on reverse of Share Certificates and to do all other necessary act in this regard to give effect to the aforesaid resolution.”

Certified True Copy

For ………… Private Limited …………  

(Director)  

DIN: …………

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