Uday Kumar (Advocate ) 28 April 2015

Validity of share transfer form purchased from book shop

Dear Sir,

Share Transfer Form we purchased from Book Shop and Transferred the share on that basis for a Pvt. Ltd. Company ....

Is there any issue about validity of such Transfer as we show some where that Share Transfer Form require rubber stamp of the Stock Exchange

please advise expert

With Regards

Uday Kumar

9810868162

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1 Replies

Jatin Mittal (Corporate Lawyer) 05 May 2015

Hi Uday

As you mentioned it is a pvt ltd company, you need not have any stamp from the stock exchange. You can execute the share transfer in the form of a deed on Form SH-4 and pay the stamp duty which is 0.25% of the value of shares transferred. The form shall be delivered to the company within 60 days of the execution of any such transfer deed along with the share certificates issued by the company to the legal owner of the shares.

For any other clarifications, please feel free to write to me at mittaljets@gmail.com.