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A transfer by way of a sale of the legal and beneficial interest in shares involves the following stages: AGREEMENT FOR THE SALE OF SHARES. The seller and the buyer agree to the sale and purchase of the shares. ... TRANSFER FORM. ... APPROVING REGISTRATION OF THE TRANSFER. ... ISSUING A SHARE CERTIFICATE TO THE TRANSFEREE.
There is no requirement for the seller and buyer of shares to use a share purchase agreement in order to transfer shares. All that is required to transfer shares is a stock transfer form (also called a share transfer form) signed by the seller.
STEP 2 ? Documentation for Transfer of Shares Form No- SH. 4 is filled up by the prospective buyers and the same is signed by transferor and transferee in presence of a witness. The transferor then hands over the share certificate and SH-4 to the transferee.
The process of transfer of shares in a Private limited company is given below: Step 1: Obtain Share Transfer Deed. ... Step 2: Obtain No Objection Certificate(NOC) ... Step 3: Submit Transfer Documents. ... Step 4: Board Approval. ... Step 5: Pay Stamp Duty. ... Step 6: File Necessary Forms.
Don't use correction fluid or stick labels on the form. 1 Consideration money. ... 2 Full name of Undertaking. ... 3 Full description of Security. ... 4 Number or amount of Shares, Stock or other security. ... 5 Name(s) and address of registered holder(s) ... 6 Signature(s) ... 7 Name(s) and address of person(s) receiving the shares.