9911796707
TMI BlogShare Transfer - Registration of ‑ Guidelines for good or bad delivery of documentsX X X X Extracts X X X X X X X X Extracts X X X X ..... u are requested to implement these guidelines immediately. GUIDELINES: FOR GOOD OR BAD DELIVERY OF DOCUMENTS Sl.No. Good or Bad Delivery Remarks 1 2 3 Transfer Deed 1. Transfer deeds in the prescribed form and printed with the words For the ............. Stock Exchange . Good Stock Exchange emblem may or may not be printed. Month and year of printing may or may not be put on the reverse of the transfer deed. 2. Transfer deeds with any correction, erasure, overwriting, alteration or crossing out. Good If properly authenticated under the signature by the transferor(s) or by the transferee along with the last lodging broker. 3. Mutilated transfer deed with signature of the transferor, witness, directors and officers of the company or distinctive numbers or any material portion badly torn or defaced. Bad 4. Consideration amount and date of execution of the transfer deeds are filled in. B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sfer deed bears an endorsement that the power has been registered with the company, with particulars of the date and number of registration. 17. Transfer deeds signed under power of attorney on behalf of individual registered holder. Good Only if the transfer deed bears an endorsement that the power has been registered with the company, with particulars of the date and number of registration. 18. Shares in the name of a limited company or individual transfer deed signed under power of attorney. Good Number and date of registration of power of attorney with the company necessary. 19. Shares standing in the name of a company and transfer deed signed by officer incharge/any authorised signatory of the company (other than a director). Good Delivering broker to confirm in the transfer deed signatory other than a director is authorised as per board resolution. 20. Transfer deeds signed under power of attorney where the power given is subject to conditions. Bad 21. Transferor s signature witnessed by a person but his full na ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Good 32. Company s rubber stamp with address on transfer deed as transferor when the shares stand in the name of a limited company. Good 33. Certified transfer deed. Good Provided the name and address of the transferor, the distinctive number of the shares covered by the transfer deed and date of certification are given. 34. Any erasure or alteration in the certified transfer deed. Good When authenticated by an authorised signatory of the company. 35. Transfer deeds bearing signatures of witnesses, the address of the witness being in a different city or town or centre other than that of transferor or transferee. Good 36. Transferor s signature in English, Hindi or in anyone of the Scheduled languages of India. Indian languages : (1) Assamese, (2) Bengali, (3) Gujarati, (4) Hindi, (5) Kannada, (6), Kashmiri, (7) Malayalam, (8) Marathi, (9) Oriya, (10) Punjabi, (11) Sanskrit, (12) Tamil, (13) Telugu and (14) Urdu as per Constitution of India Eighth Schedule [Articles 344( i ) and 451]. Good ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ertificate and also to issue an identity certificate in a case where the name of the deceased on the share certificate is not identical with the name on the death certificate. 45. Name of the transferor with the address in the column provided for transferor(s) particulars. Good 46. Designation and address of the transferor written-up in the transfer deed. Good 47. Transfer deeds signed by an individual against whom insolvency proceedings are pending. Bad Unless the transfer deed is duly certified and counter-signed by the official assignee. 48. Transfer deeds signed by or on behalf of a company against which liquidation proceedings are pending. Bad Unless the transfer deed is certified and counter-signed by the liquidator. 49. Transfer deeds in respect of joint holdings signed by all the joint holders in any order. Good Provided the signatures are against the relative names filled up in the transfer deed. 50. In the case of joint holding registered with the company with Either o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... one certificate for the exact trading unit or any number of certificate making an aggregate the trading unit accompanied by one or more transfer deeds (not more than five) for the exact trading unit. Good 62. In bargains for odd lot, delivery of documents in other than one certificate for the exact lot or two or more certificates making up in the aggregate the exact odd lot accompanied by one or more transfer deeds for the exact amount of the odd lot. Good 63. In one lot with one transfer deed names on different certificates are identical but Register Folios are different. Good 64. In one lot with one transfer deed name on one certificate reading as Ramesh C. Talati and on another certificate as Ramesh Chunilal Talati but Register Folios same on both. Good 65. In one lot with one transfer deed names on different certificates reading as Ramesh Chunilal Talati and Talati Ramesh Chunilal but Register Folio is same. Good 66. Any significant correction, erasure, overwriting, crossing ou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Certified transfer deeds and share certificate delivered in part for bargains in market trading unit. Good 74. If the name of the company has been disfigured in the body of the share certificate so as to affect if materially. Bad 75. Share certificates without the signature of the authorised signatory in the appropriate column. Good Provided the company has transferred the shares subsequently. 76. Absence of shareholder s discharge on the letter of allotment. Good 77. Transfer deed endorsed by the prescribed authority on a date prior to closure of the register of members of the company delivered after the date of closure of register of members. Bad 78. The transaction is say for 50 shares, the market lot is of 5 shares, and if 45 shares are tendered for delivery. Good 45 shares must be accepted but the buyer may buy in the remaining 5 shares as provided or in the Bye-laws and Regulations. 79. Share certificate and transfer deed not attached together in ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
