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    Regd holder to beneficial holder Transfer of shares procedure.

    Posted By : SHALU / Published on : 06-Jun-2021 04:40 PM / View : 301 / Comment : 0

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    Dear friend,

    I need a clarification on the following

    In a pvt Ltd co, there were 2 shareholders - one shareholder was a body corporate and another an individual.

    Pvt Ltd co was the holding co

    There after this pvt Ltd co transferred it's shares to another pvt Ltd co and the shares held by the individual were stated to be held by the individual as regd holder of those shares and the beneficial interest being with the holding co so as to make it a 100% subsidiary . This happened under the 1956 Act.

    Now the shares held by the regd holder is also to be recorded as shares held by the beneficial owner. How is it to be done? Will it amount to share transfer or no, has share transfer duty to be paid?

    Pl share your views on this. It is a bit urgent please.

    Read more on : holder procedure shares beneficial regd transfer

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