For transferring debentures, a standard format can be used as the instrument of transfer.

Trustees who have filed the declarations.

Any corporation held by the Central or State Government or.

Shares transferred by way of deposit as a security for repayment of any loan or advance If they are made with any of the following:.

Where a director or nominee transfers shares on behalf of a corporation owned or controlled by the central or state Government.

Where a director or nominee transfers shares on behalf of another body corporate under section 187 of the Companies Act, 2013.

The instrument of transfer may not be in the prescribed form (Form SH-4) in the following cases:.

Form SH-4, endorsed by the prescribed authority.

Firstly, the transfer deed needs to be obtained in the prescribed form i.e.

Procedure for Transfer of Shares under the Companies Act, 2013

Legal Representative, in case of a deceased.

Thus, shares in a company are transferable like any other movable property in the absence of any expressed restrictions under the articles of the company. The rights and duties of the share transfer happen from a shareholder who wishes to not be a member of the company any more to a person who wishes of becoming a member. Transfer of shares means the voluntary handing over of the rights and possibly, the duties of a company member (as represented in a share of the company).

Memorandum of gift form