Share Transfer
Summary
Share Transfer refers to the process of transferring ownership of shares in a company from one shareholder to another. This process is common in both private and public companies, although the procedures can vary slightly depending on whether the company is listed or unlisted. Below is a detailed guide on the share transfer process in India, including the steps, documents required, and legal considerations.
Key Points to Remember
- Transferability: In private companies, the transfer of shares may be subject to approval from the Board of Directors or existing shareholders. In public companies, shares are freely transferable, subject to stock exchange and regulatory rules.
- Stamp Duty: Share transfers are subject to stamp duty, which is typically calculated based on the market value of the shares (for listed companies) or the consideration paid (for private companies).
- Demat Shares: In case of listed public companies, shares are often held in Demat form. In such cases, the transfer happens electronically through Depository Participants (DPs) and the National Securities Depository Ltd. (NSDL) or Central Depository Services Ltd. (CDSL).
- Regulatory Compliance: Companies need to comply with Companies Act, 2013, SEBI regulations, and other applicable laws when transferring shares.
Summary of Documents & Requirements
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