Company act/deficient stamp in share deed

Uday Kumar (Querist) 11 April 2015 This query is : Resolved
Dear Sirs,

A Non Listed Pvt Ltd Company received signed share deed from a Director in 1999 and now after more than 12 years , that Share Deed is being Challanged on account that Proper stamp is not on the Share Deed and there is a deficiency in Share Deed
Company Court is also saying Since Share Deed is not proper hence transfer is invalid..

Please guide

With Regards
Uday Kumar

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M/s. Y-not legal services (Expert) 12 April 2015
yes. court says rightly..

better consult your advocate along with necessary particulars..

Rajendra K Goyal (Expert) 12 April 2015
Consult local lawyer and show him all the documents including decision regarding deficiency.

Guest (Expert) 12 April 2015
From your description it is not clear what type of guidance you expect from the experts. However, validity of transfer depended upon payment of the prescribed stamp duty.

T. Kalaiselvan, Advocate (Expert) 15 April 2015
You may see what can be done further on this matter, if deficit stamp duty can be made alright, the same will get its validity, consult your lawyer and proceed.

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