TRANSFER OF SHARES
Get Shares Transfer Services @ Rs 7999 (Professional fee)
- Documentation as per Companies Act 2013
- Time required: 4-5 working days
- 100% Online Process
- Dedicated account manager
WHAT IS TRANSFER OF SHARES?
Transfer of shares means a transfer of ownership of shares in whole or part from an existing holder to a new one either by adding a new shareholder or by changing the existing proportion of shares between shareholders. The entire process is internal which only gets recorded in minutes, and no further filing of the form with the ROC is required. Further, the transfer of the shares attracts stamp duty at the rate as prescribed in the Stamp Act for respective states and the payment can be borne either by the transferor or the transferee.
The shares transfer procedure is regulated by the articles of association of the company. The procedure for the same varies from a private limited company to a public limited company. In case of a company that is required to hold shares in physical form and the entire shares as mentioned on the certificate are being transferred to another person, then the name of the transferee is written at the back of the share certificate but if the part of shares are being transferred the old share certificate need to be canceled, and fresh share certificates with split in shares will be required to be executed.
Once the company receives a duly stamped, dated & executed instrument of share transfer i.e. SH-4 along with other relevant documents, it shall after verifying the documents properly, register the concerning transfer of shares within a period of one month of the receipt of the above-specified documents.
FEATURES
Simple Process
The process of transfer of shares is simple as it does not involve any filling of the form with the ROC. Online basic documentation and registration of the same with the company are enough.
Hassle-free transfer of the ownership
The existing shares can be transferred from one person to another easily. The share transfer form or share transfer deed can be prepared easily. We at Provenience, ensure a seamless and hassle-free experience.
Exercise Control
By shares transfer procedure, the ownership and title of the shares is transferred from one person to another. Thereby, the ownership and control lie in the hands of the shareholder, and the voting rights in the company are also transferred accordingly.
Limited Liability
The liability of the shareholder is limited to the extent of the shares held by him or her. This secures the personal assets of the shareholders in case of loss incurred by the company.
Requirements
- The Articles of Association of the company must not restrict the transfer of shares.
- Duly executing share transfer deed in form SH-4.
- Submission of SH-4, original share certificates, and other relevant documents with the Company.
- KYC documents of the transferor and the transferee.
Shares Transfer Procedure
- 1
Arranging the Documents
Arrange to provide the details of the new member to whom the shares are required to be transferred as per the list of details and documents shared.
- 2
Issue of Share Certificate
The Board shall issue share certificate in the name of the transferee after endorsing at the back of the share certificate & enter the details of the transferee in the register of members.
- 3
Holding of BM
On the receipt of the proper share transfer documents, the company shall hold the Board meeting and take on record the transfer of shares.
- 4
Execution Of Deed
Share transfer deed duly executed by the transferor & the transferee along with the original share certificate to be handed over to the company
customer stories
Bhanu has been working for Unifii for the last 1.5 years and as our accountant and Legal advisor. His knowledge and attention to detail have aided in keeping our company on track during recent times and through a major restructure. I feel confident in recommending Bhanu's and his team's professional services. He is not only thorough but also easy to work with and always willing to take the time to discuss my concerns and respond to questions.
Harneet Singh
Sydney, New South Wales, Australia
He is proactive, result oriented, and a responsible person. He is always ready to put all his energy and time to get the work done in the best possible manner. Bhanu is a well connected professional that always takes the time to support anyone is his network. I wish him all the best.
Smriti Anand
Extremely professional, time oriented and supportive are three words that goes perfectly well for Bhanu. He is my go to person for all accounting queries and requirements. I strongly recommend his professional services to all. Besides he is a great human being to know.
Sarita Chauhan
Chairman & Director Farsighters Network and Communications Pvt Ltd
I've worked closely with Bhanu. He is a very thorough and confident person. He knows his work well and tries to improvise in everything. Wish you luck Bhanu!
Harcharan Singh
Chartered Accountant UAE
Bhanu is a person to count upon, with his expertise in his domain and knowledge he brings on you can reach him with a problem any time. His appetite to listen and understand the issue makes him the man for the job. He is proactive, energetic and a resourceful guy. My best wishes to Bhanu and Provenience for future endeavour.
Ashwani Soni
Founder, Addensure Media LLP
Provenience is perfect to partner with in your startup or corporate journey. Seamless service and support provided by team is really helpful specially when you are trying to setup your venture. I would like recommend Provenience to every startup.
Amit Tyagi
Founder, Onmytap- NETWORK FOR PROFESSIONAL GROWTH
Bhanu is one of the most sincere and trustworthy person I have come across. He is extremely ethical and is completely customer focused. His hard work and dedication is commendable and with him handling the legal as well as taxation things are always in order and compliant. Keep up the good work Bhanu. Wishing you more and more success as you grow.
Kiranjeet Kaur
Co-founder, Executive - Brightsandz Clean Tech Pvt Ltd
Price
Basic
11999
14399
- A share transfer between Indian Individuals and/or Indian Corporate Entity (Excluding Govt Fees)
Premium
19999
23999
- A share transfer between Indian Individuals and Foreign Individual/Corporate Entity (Excluding Govt Fees)
Frequently Asked Questions (FAQs)
Transfer of shares means a transfer of ownership of shares in whole or part from an existing holder to a new one either by adding a new shareholder or by changing the existing proportion of shares between shareholders.
No, transfer of shares is an internal process which only gets recorded in minutes, and no further filing of the form with ROC is required.
No, it is not mandatory to transfer the shares only to the existing members instead transfer can be made to the third party also. However, in case of the Private Company, the shares are required to be first offered to the existing shareholders & once they refuse to accept, the shares can be transferred to any third person.
Is there any stamp duty which is required to be paid on transfer of shares and who is liable to pay?
Yes, the transfer of shares attracts stamp duty at the rate as prescribed in stamp act for respective state and the payment can be born either by the transferor or the transferee.
In case of a company which is required to hold shares in physical form and the entire shares as mentioned on the certificate are being transferred to another person then the name of the transferee is written at the back of the share certificate.
In case of part of shares being transferred, the certificate needs to be cancelled, and fresh share certificates with split in shares will be required to be executed.
The Company shall register & issue the share certificate in the name of the transferee within one month of the receipt of the duly executed & stamped share transfer instrument along with the original certificate of the shares being transferred.
The seller and the buyer can negotiate the price if the shares are sold freely. The shareholder’s agreement or the company’s article of association may have specific details about the valuation of the shares.
The directors of the company have the obligation to act in the best interest of the shareholders. So, selling shares at lower price would not be acting in the best faith. However, under certain circumstances and as per Companies Act, shares can be transferred for amount less than their worth. Please get in touch with us for additional details.
