Shares in a company are freely transferable. In a public company, shares are freely transferable
By on 24-11-2018
TRANSFER OF SHARES
Shares in a company are freely transferable. In a public company, shares are freely transferable. Where as, in case of a private company, transfer of shares is subject to reasonable restriction in the Articles of the Company. The ownership of a company limited by shares is held by the shareholders of the Company. Transfer of ownership of a company can therefore be accomplished by transferring shares of the company from one person or entity to another. The shares of the company are transferred by way of death of the shareholder. This transfer is also called transmission.
PROCEDURE FOR TRANSFER OF SHARES
- Convening of board meeting to consider the share transfer
- To obtain the share certificate from the transferor and to prepare share transfer deed
- To issue the share certificate to the transferee
- To prepare the minutes of board
- To updates the register.
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