Shreya Shah (Company Secretary) 18 October 2008
Dear All,
What is the procedure for transfer of shares of as gift by a shareholder???
Is it compulsory to execute a gift deed on the stamp paper??
Will a gift deed executed on a normal paper and affixation of stamps worth Rs. 100 result into due compliance???
Regards,
Shreya Shah
prabodh kumar patel (advocate) 18 October 2008
Nice query....., i also want to know.
Guest (Guest) 18 October 2008
1. Better to have a Gift Deed.
2. Gift Deed can b executed the way u mentioned.
3. Also need to get it registered (Transfer) with the Company.
Contrary Views r invited.
Tq.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 21 October 2008
Mr. Nirav,
I agree with u. But the gift worth of Rs.100/- should be exceed for gift deed.
sunil (cs) 22 October 2008
Dear Friends,
agreed for gift deed, for effecting the gift in company records for phisical shares, transfer deeds are also reuired to be executed alongwith share trasfer fees.
thanks
sunil
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