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    Transfer of Share by Registered Owner

    Posted By : KAMAL / Published on : 25-Feb-2022 12:42 PM / View : 316 / Comment : 0

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    Hi,

    In case of a wholly owned subsidiary, 1 share is held by an individual member who is the registered owner of this share. This 1 share is to be transferred to another person, who is a director in the WOS. We would take Form SH4 and get it signed by the transferor and transferee and also have the board resolution passed to approve the transfer. Please let me know if there is any other compliance to be done with regard to the above. We will take declarations as required u/s89 after the transfer is done.
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