19 December 2011
are you still holding shares in physical form ?
The stamp duty payable for share transfer form of gifted shares would be @ 25 paise for every Rs. 100 or part thereof, of the face value or the market value of the shares prevailing as on the date of the document, if any, conveying the gift or the date of execution of the transfer deed, whichever is higher.
19 December 2011
If the shares are in the de mat mode. then the shares can be transferred to you as ur father's wish through his de mat a/c. for that both the transferer and transferee must have a de mat a/c.
20 December 2011
Mr.Sethi is correct. Moreover, If Mr.X still having shares in physical form, then he has to convert them into DEMAT form by opening a DEMAT account with a share broker. Thereafter he can simply transfer to his son Mr.Y.
(Expert)
