Share Transfer Forms

[Shaahul Hameed]

Dear Members

Should the Share Transfer Form (7B) be bought from the respective city / state only? OR can the share transfer form of one state be used in the other?

How do we get share transfer forms of different states?


Thanks

Hameed

[Kumar Bhagwat]

you can use any transfer deed.. there is no restriction..

[Shaahul Hameed]

I read on csmysore that Share Transfer Forms (Form 7B) have to be bought at the respective stock exchanges in various cities. Hence, wanted to confirm it with the members.

Can a Form 7B bought in Chennai be used for share transfer of a company located in Mumbai?

Thanks.

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[Legal Guru]

You can only use the share transfer form endored by the ROC of each particular state.

On Fri, Sep 14, 2012 at 2:49 PM, Kumar Bhagwat <kumarb...@gmail.com> wrote:

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[Kumar Bhagwat]

can you let me know the provision under which the requirement of use of respective state transfer deed is given..

[Shaahul Hameed]

Dear Members

Should the share transfer form be endorsed by the RoC of each state?

Mr. Kumar Bhagwat has stated that the Share Transfer form bought in any state can be used.


Regards

Hameed

[ranjith shetty]

Please find the below link and provide me the MCA notification, if any regarding details mentioned below

5-A. Section 108-Transfer deed. -

(1) For purposes of clause (a) of sub-section (1A) of section 108, the prescribed authority shall be the Registrar, or such other authority as the Central Government may from time  to time appoint in that behalf by notification in the Official Gazette. 

http://www.mca.gov.in/Ministry/actsbills/rules/CCGGRaF1956.pdf

On Friday, September 14, 2012 2:19:47 PM UTC+5:30, Hameed wrote:

[Rajesh Kumar]

Dear sir

In my view it should from the concern ROC. Few days back on request of one of the Bangalore PCS i sent Share Transfer Form (7B) purchased from Seetaraman book seller containing seal of ROC Chennai to the Bangalore for one of the company registered with roc Chennai.

You should request to the members in practice in that concern roc to send the same.

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Thanks & Regards

CS Rajesh Kumar
Company Secretary
Mobile-7299930310, 9380068080

[ranjith shetty]

Is there any notification or circular in  this regard.

The Act says prescribed authority and Companies (Central Government's) General Rules and Forms, 1956 says the prescribed authority shall be the Registrar, or such other authority as the Central Government may from time to time appoint in that behalf by notification in the Official Gazette.

But it is not clear whether it is the same ROC where the registered office of the Company is situated or any ROC.

Best Regards

Ranjith

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[Pankaj]

I am too wondering whether transfer deed can be used of different states.

Please share any clarification or circular or notification as per old act issued in this behalf restricting Transfer Forms of different states.

Regards,

Pankaj Khandelwal

[CS Ankit Misra]

Transfer form duly authenticated by any ROC can be used in whole of India irrespective of any state. Suppose if a shareholder of karnataka holds shares of company having regd. ofc at Bihar wanna transfer his shares to transferee residing at Punjab, it is not practically possible for him to purchase deed of respective state only. ROC are representatives of Central Government, Company Law is an Central Act, not an State not.

So, deed is valid in whole India

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regards,

ANKIT MISRA

COMPANY SECRETARY

REGENCY HOSPITAL LTD.

KANPUR

8009968692

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