TRANSFER OF OWNERSHIP

TRANSFER OF OWNERSHIP

Transfer of ownership of securities, if the same are not delivered in demat form by the seller, is effected through a date stamped transfer-deed which is signed by the buyer and seller. The duly executed transfer-deed along with the share certificate has to be lodged with the company for change in the ownership. A nominal duty becomes payable in the form of stamps to be affixed on the transfer-deeds. Transfer-deed remains valid for twelve months or the next book closure following the stamped date whichever occurs later.

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