What is the procedure for transfer of shares?
Step 1: Get the share transfer deed as required.
Step 2: execute the transfer of shares duly signed by the Transferor and Transferee.
Step 3: Stamp the share transfer deed in compliance with the Indian Stamp Act and the State Stamp Duty Notice..
Is the shares of a company transferable?
Thus, shares in a company are transferable like any other movable property in the absence of any expressed restrictions under the articles of the company.
Can I gift shares in my company?
If an employee of a company receives “free” shares, for example, if you make a gift of shares to your son who works in the family business, an income tax charge could arise on the market value of the shares gifted. … Therefore, capital gains tax is payable on any gain arising even though no consideration is paid.
Can a private company allot shares to outsiders?
The shares of a private limited company can be issued through the Rights Issue to existing shareholders of the company. The company can also issue shares to outsiders i.e. any person other than the existing members subject to provisions of Indian Companies Act, 2013.
How do I transfer ownership of shares?
What needs to be on the stock transfer form?The company name and registration number.The number and class (type) of shares being transferred.The amount paid, or due to be paid, for the shares (if applicable)The details of any non-cash payments (if applicable)The name and address of the existing owner (transferor)More items…