transfer majority of promoter shares

[c...@bdone.co.in]

Dear Professionals,

Merry Christmas and Happy New Year,

 

If I have to transfer majority of promoter shares(mother) to another promoter(son) of an unlisted public company having shares in demat form, I believe the following procedures will be followed:

 

1. Executing Gift deed.
2. Filling DIS slip and transfer through RTA

 

Query:

1. Is their any further requirement to made this effective?
2. If there needs to be certain special provisions to be entered in gift deed
3. If stamp duty will be paid on FMV or shares or it will be 10 rupees only as no consideration involve.
4. In, ICDR, will it count for promoter’s ineligible security for minimum Promoter holding.

 

Thanks & Regards

Aryan Ray

Company Secretary

B D Security Ltd

BDSL House, 3^rd Building, 1^st Lane,

Greater Kailash, Jammu, J&K-180011

Phone No. 9541904791