Share Transfer

What is the procedure of transfer of shares?

A person who gives his signature, name and address as approval for transfer must see the transferor and the transferee sign the share/debentures transfer deed in person. The relevant share/debenture certificate or allotment letter with the transfer deed must be attached and sent to the company.

Is board approval required for transfer of shares?

SAMPLE BOARD RESOLUTION FOR APPROVAL FOR TRANSFER OF SHARE

The Chairperson informed the Board that Company has received 1 share transfer request, accompanied with share transfer deed duly filled in, signed and stamped along with other related documents, for approval of the transfer of shares of the Company.

How do I transfer shares to another family member?

Other methods of giving someone an equity present is to buy a paper share certificate as a gift for someone, which can do via most of the major investment platforms. You buy a share in certificate form and then submit a gift transfer form to a share registrar such as Equiniti.

Can I transfer ownership of shares?

To transfer ownership of the shares without having to sell the shares on the market. An Off Market Transfer Fee of $54 applies per stock. It’s charged to the recipient’s account. Transferring stocks could have tax consequences.

Contact Infinity Services for details and live stress free with your compliance needs.