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What is the procedure for Transfer of Shares?

Transfer of Shares:

While sending the shares for transfer, please ensure that all relevant columns in the share transfer form are duly completed namely; name of the Company, consideration, details of shares, name and signatures of transferors and signatures, name and address of witness, transferee's name, signatures, occupation, address, father/husbands name & signature, brokers stamp, SEBI registration / code number and share transfer stamps of requisite value to be affixed on the transfer deeds and duly cancelled.
(Click here for specimen letter requesting for transfer of shares-
Annexure II)
Please ensure that all transferor(s) whose name appear on the share certificates have signed the transfer deeds and the same is witnessed properly.
Please ensure that full name of transferee(s) and their title, occupation, address, pin code (phone number, fax number, email address, if any) are written properly in the appropriate column. Also ensure that the transferee(s) have signed at the appropriate space at two places provided on the transfer deeds.
If the transfer deeds are signed by the Constituted Attorney for and on behalf of transferors, please ensure that the number and date of registration of Power of Attorney is lodged with the Company as mentioned on the reverse of the transfer deed. If the same is not registered with the Company, either original Power of Attorney or a certified true copy of the same duly notarised may be forwarded along with the transfer deed.
If the transfer deed is signed by the Constituted Attorney for and on behalf of the transferees, a certified true copy of Power of Attorney duly notarised, may be attached to the transfer deeds for registration with the Company. If the Power of Attorney is already registered with the Company, please ensure to quote the registration number and the date at the space provided on the transfer deeds.
If the purchasers (transferees) is an existing member, the folio number may be written on the transfer deeds to enable the Company to register the shares under the existing folio number.

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