Transfer of Shares in Vadapalani - Filingpoint
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Filingpoint Transfer of Shares is a legal process wherein the ownership of shares in a company is transferred from one person to another. The process is regulated by the Securities and Exchange Board of India. The process involves executing the share transfer deed, submitting it to the company, and getting the registration certificate issued by the Registrar of Companies.
The company is required to register the transfer within 30 days of receiving the share transfer deed and other relevant documents. It also needs to issue a new share certificate to the transferee. If the company fails to do so, it may be penalized by the Registrar of Companies.
The transfer of shares is taxable under capital gains tax laws. The tax rate depends on the transferor and the transferee's individual tax status, and the type of shares being transferred. The transferee is liable to pay stamp duty on the share transfer deed. The amount of stamp duty payable is 0.015% on a delivery basis and 0.003% on a non-delivery basis.
Contact Filingpoint Transfer of Shares Expert +91 72999 72500
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