Share transfer means willingly handing over of the rights and possible duties of a member from a shareholder who does not want to continue as a shareholder of the company to a person who wants to be a shareholder of such company. Shares of the company are easily transferable in the manner provided in the articles of the company.
As per the Companies Act, 2013 transfer of shares shall be registered with the company within a period of 60 days from the date of execution of transfer deed/ instrument. And the company shall issue certificate of shares to the transferee within one month from the date of receipt of transfer instrument.
When company register transfer of shares which is not in accordance with the section 56 of the Companies Act, 2013 then:
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