Share Transfer in Maharashtra

Transfer of Shares

• Transfer of Shares of a Private Limited Company from one shareholder to another
• Including consultation on payment of Stamp Duty on transfer

Transfer of Shares

• Transfer of Shares of a Private Limited Company from one shareholder to many or many to one
• Upto maximum 10 transfers
• Including consultation on payment of Stamp Duty on transfer

Transfer of Shares

• Transfer of Shares of a Private Limited Company from one shareholder to many or many to one
• Upto maximum 10 transfers
• Financial valuation of company to arrive at fair price for transfer of shares
• Including consultation on payment of Stamp Duty on transfer

By the Transferor and Transferee

• Check the Articles of association of the company for any restriction.
• Check the Shareholders Agreement or Share Purchase Agreement, if any, entered by the transferor, company and other shareholders of the company at the time of purchase of shares.
• Determine the share transfer price and make the necessary payment.
• Prepare the share transfer Deed in form SH-4.
• Make payment of stamp duty on transfer of shares and execute the share transfer deed.
• Submit the duly signed, dated and stamped share transfer deed within 60 days from the date of execution to the company along with the share certificate(s).

By Company

• Where the transferor alone applies for the transfer of partly paid shares, the company gives notice of the application to the transferee, who has two weeks to object (section 56(3)).
• Call and hold board meeting for giving effect to the transfer of shares.
• After the approval of the board of directors, make necessary entries in the register of transfer, register of members and share certificates.
• Enter the name of transferee in the register of members and issue the share certificate within one month from the date of receipt of instrument of transfer.