Share Samadhan

Share Samadhan

South Extension, Part II, New Delhi, Delhi
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Company Factsheet

Nature of Business
Service Provider

GST No.
07AAECT1191Q1ZU

Products & Services

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Transfer of Shares

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Transfer of shares means an act of transfer of title of share certificate from one person (transferor) to another person (transferee). If shares are held in physical form (paper) then as per section 108 of companies act, 1956, valid transfer deed (duly filled & stamped) is compulsory for transfer mentioning all necessary information like name and address of both the parties along with share certificate.
There can be issues when the shares are sold. The issues can be like:
  1. Signatures not matching in the pre-demat period: Sometimes companies deny the transfer of shares due to mismatch of the signature of the transferor in the transfer deed and specimen signature available in company records.
  2. The buyer has paid the consideration but has not submitted the transfer deed with the company. Consequently, as per the company records, the shares still remain in the seller’s name.
  3. Loss of share certificates: Many times it happens that one person losses shares share certificates then in this condition he has to approach the company and request them to issue the duplicate share certificate in his/her name.
  4. Mutilated share certificates: Due to wear and tear nature of the share certificates sometimes they mutilated hence cause problem in share transfer.
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Transmission of Shares

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Transmission of shares arises in case of death of the registered shareholder. Unlike transfer of shares, in case of transmission, shares are transferred without any consideration. The transmission takes places basis a will or an agreement. 
This is typically applicable for:
1.  Devolution by death
2. Succession
3. Inheritance
4. Bankruptcy
5. Marriage.
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Unclaimed Dividend

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It refers to that portion of dividend which is payable to the shareholders but has remained unpaid for a period of one year or more. 
These are those dividends which have been paid by the company but have not been claimed by the shareholder mainly due to:
  • Ignorance
  • Change of shareholder's address
  • Death of the shareholder and his legal heirs not being able to encash the dividend cheque.
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Demat of Shares

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There can be issues relating to shares in de-mat
1. The shareholder opened a new de-mat account and the old account has some shares. Due to inactivity, the old account became dormant. 
2. The shareholder changed addresses and did not get the same updated with the DP. This resulted in unclaimed dividends and the shareholder not being able to sell his holding.
3. Loss of de-mat details by the shareholder
We also provide comprehensive legal assistance on the matters stated above.
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Share Samadhan B-35, Lower Ground Floor, South Extension, Part II Near Post Office, Near Post Office, South Extension, Part II,
New Delhi-110049, Delhi, India

Abhay Chandalia ( Partner )
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