Share transfer form
Sushil Kumar Sharma
(Querist) 02 September 2011
This query is : Resolved
Dear Experts,
What is the valifity period of a Blank share transfer form from the Stamped date by ROC.
Thanks in Adv
Sushil Kumar Sharma
(Querist) 02 September 2011
sie please elobrate because i send a share transfer deed to a public limited company (unlisted) on which stamped date by RoC is 14.03.2011and the date of execution of transfer is 24.06.2011 but the company refused to transfer it.
Thanks
prabhakar singh
(Expert) 02 September 2011
Validity of transfer deed
In the case of listed company, at any time before the date on which the register of members is closed, in accordance with law, for the first time after the date of the presentation of the prescribed form to the prescribed authority under clause (a) of section 108(1A) or within 12ve months from the date of such presentation, whichever is later.
In any other case, within 02(TWO) months from the date of such presentation.
SO YOUR CASE COME WITH IN 02 MONTHS RANGE AS CO. IS UNLISTED WHILE MORE THAN 03 MONTHS WERE PASSED.
prabhakar singh
(Expert) 02 September 2011
Sec. 108 of the Companies Act, 1956 provides that '.............
(i) in the case of shares dealt in or quoted on a recognised stock exchange, at any time before the date on which the register of members is closed,in accordance with law, for the first time after the date of presentation of the prescribed form to the prescribed authority under clause (a ) or within (twelve months) from the date of such presentation, whichever is later;
(ii) in any other case, within two months from the date of such presentation.
Sailesh Kumar Shah
(Expert) 02 September 2011
sorry, i quote wrong '6 months'.
According to the companies act:-
1.12 months for listed public company
2.2 months, in any other cases.
prabhakar singh
(Expert) 02 September 2011
NO PROBLEM DEAR !IT DOES HAPPEN WITH EVERY BODY.
Sushil Kumar Sharma
(Querist) 02 September 2011
Thanks a lot to all the experts for giving me a prompt reply.
