shekhar (Individual) 29 December 2009
For what duration is a share transfer form purchased on 14.12.09 valid?
What is the value of stamps to be affixed on consideration of 720/-? Is franking the share transfer form the same as affixing stamps? Where are stamps available? Where is franking done?
Kindly spare time and reply
A V Vishal (Advocate) 30 December 2009
For transferring Share Transfer Form should be used within its validity of one year or book closure whichever is later.
A V Vishal (Advocate) 30 December 2009
Affix share transfer stamps(Spl.Adhesive) in the space provided @ 0.25% of market value of shares.
V. VASUDEVAN (LEGAL COUNSEL) 02 January 2010
The validity of the transfer deed as mentioned by Adv. Vishal is applicable for a company whose shares are listed with the Stock Exchanges. In case the shares are not listed, the validity is ONLY two months. The share transfer stamps should be available with the share brokers/stock exchange. Alternatively franking can be done BOI Shareholdings, situated near the Stock Exchange/other places.
Vasudevan
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