Form 7 B PDF Details

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.

QuestionAnswer
Form NameForm 7 B
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesesic 7b form, 7b form pdf, esic form 7b in word format no download needed, 7 b form

Form Preview Example

FormNumber 7-B FormSection 108(1-A) FormLaw Corporate

Date of presentation to the prescribed authority

x

Share Transfer Form

FORM NO. 7-B

FormParentAct Companies Act, 1956

[Pursuant to section 108 (1-A) of the Companies Act, 1956]

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

xxx

 

 

 

 

 

 

 

 

 

Name of the recognised stock exchange where dealt in, if any

xxx

 

Description of Equity/Preference Shares

 

 

 

 

 

 

 

 

No. in figures

No. in Words

Consideration

Consideration (in words)

 

 

(in figures)

 

 

Distinctive Numbers

 

 

 

 

From

x

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

To

 

x

 

Corresponding Certificate Nos.

 

xxx

 

 

 

TRANSFEROR (S) [SELLER (S)] PARTICULARS

 

 

 

Regd. Folio No.

 

x

 

 

 

 

 

 

Signature(s)

Name(s) in full

1.

x

 

1.

x

 

 

2.

x

 

2.

x

 

 

3.

x

 

3.

x

 

 

4.

x

 

4.

x

 

Signature of Witness

ATTESTATION

 

I, hereby attest the Signature of the Transferor(s) herein

Name and Address of Witness

mentioned

 

 

 

 

xx

 

Signature

 

 

xx

 

Name

xx

 

xx

 

 

 

 

xx

 

Address / Seal

x

 

xx

 

 

 

 

xx

 

 

 

 

PIN

x

TRANSFEREE (S) [BUYER (S)] PARTICULARS

 

 

 

 

 

 

 

 

Signature(s)

Name(s) in full 1.

 

x

 

1.

x

2.

 

x

2.

x

 

 

 

 

 

 

 

3.

 

x

3.

x

 

 

 

 

 

 

 

Occupation

 

 

 

 

Address

 

Father’s/Husband’s Name

1.

 

x

 

xx

 

 

 

 

xx

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

x

 

xx

 

 

 

 

xx

 

 

 

 

 

 

 

 

 

 

 

 

3.

 

x

 

xx

 

 

 

 

xx

 

 

 

 

 

 

 

 

 

 

 

 

Transferee(s) existing Folio,if any, xx

 

 

 

Value of Stamps Rs.x

in same Order of Names

 

 

 

 

affixed

 

Dated the

 

day of

200 x

PLACE

 

 

 

 

 

 

 

 

 

 

For Office Use Only

 

 

 

 

Folio

Company Code

Checked by

 

x

 

Specimen

1.

 

 

 

 

Signature(s) of

 

Signature tallied by

 

x

 

Transferee(s)

2.

Entered in Register of

 

 

 

 

3.

 

 

 

 

Transfer No.

 

x

 

 

 

 

 

 

 

 

 

Approval Date

 

x

 

 

 

Distinctive Numbers

From

x

 

 

To

x

Corresponding Certificate Nos.

 

 

 

 

 

 

 

 

 

 

 

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

Date

Power of Attorney Probate

x

Death

 

x

 

Clearing Number

 

 

 

 

 

 

 

 

Certificate

 

 

 

 

 

 

 

 

 

 

 

 

xx

x

Letters of Administration

 

 

 

x

 

 

 

 

 

 

 

Registered with the Company

 

 

 

 

 

 

 

 

 

 

 

No. x

Date

x

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Signature (not Initials) of Broker, Bank, Company or Stock Exchange Clearing House)

Lodged by

xx

Full address

xx

Share Certificates to be returned to (Fill in the name and address to which the Certificates are required to

be returned)

 

Name & Address

xx

SHARE TRANSFER STAMPS