• Company having share capital:

There must be proper instrument for transfer of shares of the company. This transfer must be carried out within 60 days from the date of execution.

• Application by transferor alone:

The transfer shall not be registered until the company gives notice to transferor and transferee gives no objection certificate within 2 weeks from receipt of the notice.

• A Company shall deliver the certificates based on requirements in the prescribed time- limits:

1. In case of subscribers of memorandum: Within 2 months from date of incorporation.
2. In case of allotment of any of it shares: within 2 months from the date of allotment.
3. In case of allotment of debentures: within 6 months from the date of allotment.

For contravention of provision of section56 of Companies Act, 2013 company as well as officer in default liable for the penalty:

• For Company– Minimum fine is Rs. 25,000 and Maximum is Rs. 5,00,000;
• For Officer in default– Minimum fine is Rs. 10,000 and Maximum is Rs. 1,00,000.

• Notice by the transferor to the company.
• Board resolution for considering the notice by the transferor to the company.
• Letter of an offer made by the company to an existing shareholders.
• Dissent letter from existing shareholders.
• Share transfer deed in form SH-4 form along with stamp duty paid.
• Share certificates.
  Board resolution for registering the transfer of shares.