trasnfer of share of a director on resignation

[CS Kumar]

Dear members

One of the director of a company is holding a certain amount of shares in the company and he is about to resign from the company.

What is the procedure? should I have to file any form for tansfer of his shares with MCA. 

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Thanks and Regards

CS GOPISHEKHAR (KUMAR)

[SUDHIER KUMAR POLA]

Dear friend,
Are you asking about qualification shares???

On 2/2/13, CS Kumar <csgopi...@gmail.com> wrote:
> Dear members
>
> One of the director of a company is holding a certain amount of shares in
> the company and he is about to resign from the company.
>
> What is the procedure? should I have to file any form for tansfer of his
> shares with MCA.
>
>
> --

> *Thanks and Regards*
> *
> *
> *CS GOPISHEKHAR (KUMAR)*
>
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[sameer kumar]

Dear Kumar

For transfer of shares you do not need to file any form with MAC. You just required to follow the transfer process i.e. get the duly filled valid transfer deed signed by retiring Director if shares are in physical form. You need to affixe requisite value of stamp on transfer deed as per Stamp Act . applicable in your State.Form 32 will be filed to inform resignation of Director. If Company is listed Company then notify the Stock Exchange to an in case of NBFC inform RBI about resignation of Director.

Regards
Sameer

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Sameer Kumar Srivastava

[Ramaswami Mohan]

if the co is a private limited co, the existing director shareholder who is resigning and wanting to sell his shares need to offer to all the existing shareholders. Either all of them purchase the shares equally or give a NOC letter, so that the shares are purchased by only one existing shareholder.

 

procedure for the transfer of shares of a Pvt co:

1.    1. have a valuation done for the shares as per last audited balance sheet for determining the consideration,

2.   2. make offer letters and acceptance letters or NOC letters;

3.    3. place them before the board meeting and record the facts as to who is selling and who is buying and who have given NOC;

4.    4. execute the share transfer deed and get them duly stamped for requisite stamp duty;

5.    5. lodge the share certificates and duly stamped and executed TD's with the company to effect the share transfers.

6.    6. the co has to act and approve the share transfers and endorse on the reverse of the share certificates within 2 months from the date of lodgment of the TD and the share certificates with the co,

7.    7. thereafter the co authorized person as per board resolution has to endorse on the reverse of the share certificate to give effect to the share transfers.

ReRegards,

mOHAN

M

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CS. R.  Mohan
Mobile: 9908814677