What is the procedure for transfer of shares and restrictions on transfer?
A person who gives his signature, name and address as approval for transfer must see the transferor and the transferee sign the share/debentures transfer deed in person. The relevant share/debenture certificate or allotment letter with the transfer deed must be attached and sent to the company.
What is effective date of transfer of shares?
An instrument of transfer of shares i.e. Form SH.4 with the date of its execution specified thereon shall be delivered to the Company within sixty (60) days from the date of such execution by or on behalf of the transferor and by or on behalf of the transferee.
What documents are needed for a share transfer?
Information required is as follows:
- The name of the company and its Company Registration number.
- Quantity of shares to be sold.
- Class(es) of shares to be sold.
- Transferor name and address (existing shareholder)
- Transferee name and contact address (new shareholder)
- Amount on each unit that is paid or unpaid.
How do I transfer shares without consideration?
Transfer without consideration is Void: Share transfer without consideration is void. Transfer in family arrangement: Transfer of shares on basis of family arrangement without complying with provision of Section 108 is valid.
How can I transfer share online?
Online procedure If shares are held with CDSL, there is an online facility for transfer of shares using the ‘EASIEST’ platform. One needs to register on this platform using the link, https://web.cdslindia.com/myeasi/Home/Login and providing existing demat account details.
How do I transfer money from one brokerage to another?
How to transfer brokerage accounts
- Get your most recent statement from your existing account.
- Open an account at the new broker.
- Initiate the funding process through the new broker.
- Watch and wait.
- Enjoy your new account.
How long does it take to transfer brokerage accounts?
Time Frames Once the customer account information is properly matched, and the receiving firm decides to accept the account, the delivering firm will take approximately three days to move the assets to the new firm.