S No. | Compliance Responsibility | Compliances | Documents Execution | Timeline |
1 | Transferor and Transferee | Execution of Share Transfer deed | SH-4 | |
2 | Transferor and Transferee | Share Transfer deed shall be dated | ||
3 | Transferor and Transferee | Stamp duty affixed on Share Transfer deed at the rate of 0.25% of consideration and stamps shall be cancelled | ||
4 | Transferor and Transferee | Share transfer deed shall be signed by Transferor, Witness and Transferee | ||
5 | Transferee | Payment for Share Transfer | ||
6 | Transferor or Transferee | 1. Duly executed Share transfer deed in form SH-4 with Share Certificate along with request of splitting if any is required to delivered to the Company | 1. SH-4 2. Existing Share Certificate 3. Proof of receipt of Consideration of Transfer of Shares | 60 days |
7 | Company | Check Articles of Association for Compliance of provisions regarding transfer | ||
8 | Company | To call Board Meeting for taking up the matter of transfer of Shares | 1. Notice of Board Meeting 2. Agenda of Board Meeting | Forthwith |
9 | Company | Board Meeting | 1. Certified true copy of Resolution for Transfer of Shares, issue of Share Certificate and Splitting of Shares 2. Minutes of Board Meeting | 9 days |
10 | Company | Issue of Share Certificates | Existing Certificate/New Certificate | 1 month from receipt of Transfer deed |
11 | Company | Entry in Register of Share Transfers and Members |
2019-07-25