The intricacies of share transactions are encapsulated within the realm of Form No. 7B, a critical document under the Companies Act, 1956, which addresses the procedural requirements for the transfer of shares. This form, designed to facilitate the handover of equity or preference shares from one party to another, requires meticulous attention to detail, including the date of presentation, full names of the transferor(s) and transferee(s), description and number of shares, consideration, and particulars of the attestation. Particularly noteworthy is its role in ensuring compliance with Section 108(1A), highlighting the legal framework guiding share transfers. The form bridges the gap between the transferor(s) and transferee(s), establishing a legal agreement that sees shares transferred under the conditions previously agreed upon by the selling and buying parties. Essential details such as the recognized stock exchange, distinctive numbers, certificate numbers, and folio numbers are meticulously outlined to ensure a transparent and legally sound process. Additionally, the procedure is safeguarded by an authentication process, requiring the attestation of the transferor’s signature by recognized authorities or entities, thereby minimizing the risk of fraudulent transactions. With an attached instruction manual, the document stands as a comprehensive guideline for executing share transfers efficiently, ensuring all legalities are adhered to and providing a seamless transition of ownership while adhering to the stipulated regulatory environment.
| Question | Answer |
|---|---|
| Form Name | Form 7B |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | form 7b, esic 7b form download, esic form 7b, esic med 7b |
FORM NO. 7B
THE COMPANIES ACT, 1956
SHARE TRANSFER FORM
[PURSUANT TO SECTION 108(IA)1]
Date of presentation of the prescribed authority
For the consideration stated below the "Transferor(s)" named do hereby transfer to the “Transferee(s)”named the shares specified below subject to the conditions on which the shares are now held by the transferor(s) and transferee(s) do hereby agree to accept and hold said shares subject to the conditions aforesaid.
FULL NAME OF COMPANY
NAME OF THE RECOGNISED STOCK EXCHANGE WHERE DEALT IN IF ANY
DESCRIPTION OF EQUITY/PREFERENCE SHARES
No in figures |
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Consideration (in figures) |
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Consideration (in words)_ |
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Corresponding |
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Certificate Nos. |
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TRANSFEROR(S) [SELLER)] PARTICULARS |
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Read. |
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Signature(s) |
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Folio No. |
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full |
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ATTESTATION
I, hereby attest the signature of the transferor(s) herein mentioned
Signature
Name
Address/Seal
*Please see overleaf instruction
TRANSFEREE(S) [BUYER(S)] PARTICULARS |
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Name (s) |
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in full |
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OCCUPATION |
ADDRESS |
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Signature of Witness
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Name & Address of witness
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Signature(s)
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3. .
FATHER’S/HUSBAND’S NAME
Transferee(s) existing Folio, if any, in same Order of Names
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RS. |
affixed |
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DATED This ……………. Day Of ……………….. One Thousand Nine Hundred ……………PLACE……………
For office use only |
Folio |
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Company Code |
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Checked by |
Specimen Signature(S) |
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Signatures tallied by |
of Transferee(s) |
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Entered in Register of transfer No |
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Approval Date.. |
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Continuation of front page (Herein enter the Distinctive numbers when the space on the front page is found to be insufficient)
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Corresponding
Certificate Nos.
INSTRUCTIONS FOR ATTESTATION:
Attestation, where required (thumb impressions, 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 Clearing Date |
POWER OF ATTORNEY PROBATE DEATH CERTIFICATE |
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LETTERS OF ADMINISTATION |
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Registered with the company |
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No. ………………………………… date …………………………………. |
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(Signature [not initials] of Broker, Bank, Company or Stock Exchange |
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Clearing House} |
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LODGED BY...........................…………………………………………….. |
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FULL ADDRESS……………………………………………………………. |
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………………………………………………………………………………. |
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SHARE CERTIFICATES TO BE RETURNED TO |
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(Fill in the name and address to which the certificates are required to be |
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returned) |
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NAME & ADDRESS ……………………………………………………….. |
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SHRE TRANSFER STAMPS |
* To be filled only if the documents are lodged by a person other than the transferee.