Home / Share Transfer & Transmission
What is Share Transfer & Transmission ?

Shareholders are real owners of the Company. They have limited liability towards the company. They have powers to appoint directors who manage the company affairs in routine. Transfer of shares has the effect of a change in ownership. Share transfer in a private limited company is usually restricted. Shares have to first be offered to existing shareholders for sale.

Procedure to Share Transfer & Transmission
  • Review the AOA: Articles of Association of the Private Limited Company must be reviewed and restrictions, if any must be addressed.
  • Shareholder must give notice in writing to the Director of the Company about intention to transfer share of the company.
  • Determine the price as per Articles of Association at which the shares of the Company will first be offered to present shareholders of the Company. (Usually this price is determined by the Directors of the Company or an Auditor of the Company.)
  • The company must then give notice to the other shareholders about the availability of share, the last date to purchase the shares and the price at which the share are available.
Documents Required for Share Transfer & Transmission
  • Certified copy of death certificate
  • Succession certificate
  • Probate
  • Specimen signature of the successor.
    ...No Content