RE: Transfer of Shares held in the name of employee but hold by a Corporate body
Pramod Kumar
(Querist) 09 October 2010
This query is : Open
Dear Sir,
I solicit your views on following aspects:
1. Shares held by a corporate body in the name of its employee- whether such employee is NOMINEE SHAREHOLDER of that body corporate or not?
2. The declaration U/s 187 C of the Companies Act 1956 is not filed by the Body corporate nor intimated to the company- whether such declaration filing is mandatory in law or not?
3. The Corporate body intends to transfer shares held by an employee in the name of other employee- What procedure shall be required under law for transfer of such shares from one employee to other employee?
4. Whether for such transfer Share Transfer form is required? if so, who shall sign such Share Transfer form- whether Body Corporate or such employee in whose name shares are presently held.
5. Whether for Share Transfer stamp duty shall be attracted or not?
Your august opinion in the matter is solicited. Kindly guide.
Thanks and regards,
PRAMOD KUMAR
