Sir,
Can a Share transfer deed form dated 10/2/1995 be revalidated on 2/2/2005 for shares sold on 26/1/2005 be valid in law for the transfer agent & company registrar to accept and effect transfer of shares. Other irregularities seen in the said revalidated transfer deed. 1. The valve of the shares grossly differ . The market price of shares on 26/1/2005 was Rs. 2,07,000/ but the transfer deed reads as Rs 22,300/ 2. The stamp duty which should have been Rs. 1035 has been paid only Rs 111 on the transfer deed 3. The transfer deed form is filled by a share broker 2 years after the death of the Share owner and transferred in the name of the buyer because the buyer had physical excess to shares
Bhushan Khatri