Transfer of shares - voluntary demat

[sachin sathyavrathan]

Dear Team, 

One of our Company had voluntarily dematerialised its securities and obtained ISIN prior to the recent amendment relating to small companies. However, none of the shareholders have yet dematerialised their holdings and all the shares are presently held in physical form only.

As per the recent amendment applicable to small companies, our Company is presently not mandatorily required to dematerialise its securities. 

One of the shareholders has lodged physical share certificates for transfer of shares in physical mode. In this regard, kindly clarify whether such transfer can still be processed through physical mode or whether the transfer can now be effected only after dematerialisation of the shares and through the demat mode?

Thanks in advance

CS Sachin Sathyavrathan, 

Practising Company Secretary

Membership No: A42942

Mob: 9567294412

[Pavan Kumar]

Yes, the shares can be transferred in physical mode by executing Form SH-4 and paying the applicable stamp duty.

The transferee details should be duly entered on the share certificate, and all relevant documents may be submitted to the company’s RTA for processing.

Upon verification of the documents, the RTA will issue a share transfer acknowledgement. The updated Benpos statement will also be sent to the registered email ID.

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Thanks & Regards..

B Pavan kumar

[harsha yadav]

Hi All,

Can I get formats and procedure for transfer of physical shares in a pvt ltd company. Where we have to pay stamp duty of 0.25%?

[karthik Rajgopal]

Dear Sir,

Pl execute a share transfer from SH 4 after passing board resolution.. 

Stamp duty 0.015% of the value of shares transferred.

Regards

CMA KARTHIK R 

PRACTICING COST ACCOUNTANT

CELL: 88709 55302

EMAIL: karthik...@gmail.com