Transfer of Shares in Vadapalani - Filingpoint


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When a shareholder passes on their ownership rights of the company shares to another person, it is called Share Transfer. This can happen in many ways including sale, gifting, etc. Regardless of the reason, both parties involved in the process must notify the company about the transfer and get it approved. The new owner will then be reflected in the company's register of shareholders .Our Filingpoint team guide you for Transfer of shares.

If the transfer is settled without the involvement of a clearing house, it is known as an off-market transfer. This can be done by submitting the required documents to the depository or through the broker's office. The broker will then forward the DIS to the depository and transfer the shares to the new demat. Once the transfer is complete, the new demat will receive a confirmation letter from the depository.

Unless the transfer is effected through a physical share certificate, the transferee must pay stamp duty to the authorities. This depends on the tax status of the transferee and the type of shares being transferred. The stamp duty is usually 0.015% on a delivery basis and 0.003% on non-delivery basis.

If a private limited company is transferring its shares to the Investor Education and Protection Fund, it must inform the existing members of the company and publish an advertisement in leading newspapers. This is a mandatory procedure set out by the Companies Act. The company must also issue a notice to the shareholders and publish a summary of the details of the transfer in its annual report.

Contact Filingpoint Transfer of Shares Expert +91 72999 72500

 

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