Board ResolutionBoardSection 56(1)-(6)Rule 11, Companies (Share Capital and Debentures) Rules, 2014

Share Transfer Approval

All private companies and unlisted public companies. The Board approves share transfers by examining the Form SH-4 instrument of transfer. Transfers must be registered within 60 days of the instrument of transfer.

Shares move fast in a growing company. Compliance shouldn't be what slows it down. Section 56(1)-(6) is the line every share movement has to respect. Concretely: proper instrument of transfer (Form SH-4), duly stamped/dated/executed, delivered to company within 60 days of execution, along with the share certificate (or allotment letter if no certificate exists). With Fi CTC Generator, this is a 3-minute task, not a 30-minute Word-template hunt.

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The instrument of transfer (Form SH-4) must be duly stamped and must be presented to the company within 60 days of execution. Transfer must be registered within 60 days of receipt of a valid instrument of transfer.

Section 56(1)-(3), Companies Act 2013

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