The Form 7-B, pivotal in the landscape of corporate transactions, serves as an official document under the Companies Act, 1956, specifically designed to facilitate the transfer of shares from one party, the transferor, to another, the transferee. This form, which is a requisite under section 108(1-A) of the aforementioned act, outlines a structured process for the conveyance of shares, ensuring that all transfers adhere to the laid-down corporate governance norms and statutory requirements. It meticulously records essential details such as the full name of the company, the description and quantity of shares being transferred, the consideration for the transfer, and the distinctive numbers and corresponding certificate numbers of the shares. Furthermore, it captures comprehensive information about both the transferor(s) and transferee(s) including names, addresses, signatures, and in some instances, the occupation and relationship to the shareholder. The form also accommodates the attestation of the transferors’ signatures, a critical security measure, by a recognized authority to prevent fraudulent transfers. Its structured format, complete with instructions for attestation and the necessity for affixing share transfer stamps, ensures that the transfer process is both seamless and secure, preventing any potential legal pitfalls. Through its detailed parameters, the Form 7-B embodies the regulatory framework within which corporate shares are transferred, emphasizing transparency, accountability, and legal compliance.
Question | Answer |
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Form Name | Form 7 B |
Form Length | 3 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 45 sec |
Other names | esic 7b form, 7b form pdf, esic form 7b in word format no download needed, 7 b form |
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Date of presentation to the prescribed authority |
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Share Transfer Form
FORM NO.
FormParentAct Companies Act, 1956
[Pursuant to section 108
FOR THE CONSIDERATION stated below the “Transferor (s)” name do hereby transfer to the “Transferee(s)”named the shares specified below subject to the conditions on which the said shares are now held by the Transferor (s) and the Transferee (s) do hereby agree to accept and hold the said shares subject to the conditions aforesaid.
Full name of company |
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Name of the recognised stock exchange where dealt in, if any |
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Description of Equity/Preference Shares |
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No. in figures |
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Consideration |
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(in figures) |
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Distinctive Numbers |
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Corresponding Certificate Nos. |
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TRANSFEROR (S) [SELLER (S)] PARTICULARS |
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Regd. Folio No. |
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Signature(s) |
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Name(s) in full |
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Signature of Witness |
ATTESTATION |
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I, hereby attest the Signature of the Transferor(s) herein |
Name and Address of Witness |
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Signature |
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Name |
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Address / Seal |
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PIN |
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TRANSFEREE (S) [BUYER (S)] PARTICULARS |
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Signature(s) |
Name(s) in full 1. |
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Occupation |
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Father’s/Husband’s Name |
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Transferee(s) existing Folio,if any, xx |
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Value of Stamps Rs.x |
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in same Order of Names |
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affixed |
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PLACE |
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For Office Use Only
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Folio |
Company Code |
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Specimen |
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Signature(s) of |
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Signature tallied by |
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Transferee(s) |
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Entered in Register of |
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Transfer No. |
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Approval Date |
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Distinctive Numbers |
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Corresponding Certificate Nos. |
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INSTRUCTIONS FOR ATTESTATION:
Attestation, where required (thumb impression, marks, signature difference, etc.) should be done by a Magistrate, Notary Public or Special Executive Magistrate or a similar authority holding a Public Office and authorised to use the Seal of his office or a member of a recognised Stock Exchange through whom the shares are introduced or a manager of the Transferor’s bank.
NOTE: Names must be rubber stamped preferably in a straight line. Chronological order should be maintained. Broker’s Clearing Number should be stated when delivery is given by a Clearing Member Bank.
Name of delivery Broker or |
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Power of Attorney Probate |
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Death |
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Clearing Number |
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Certificate |
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Letters of Administration |
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Registered with the Company |
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No. x |
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(Signature (not Initials) of Broker, Bank, Company or Stock Exchange Clearing House)
Lodged by |
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Full address |
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Share Certificates to be returned to (Fill in the name and address to which the Certificates are required to
be returned) |
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Name & Address |
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SHARE TRANSFER STAMPS