What is the procedure to be followed for transfer of shares?
For transferring Share Transfer Form should be used within its validity of one year or book closure whichever is later. All the columns of the transfer form should be filled in properly and admissible stamps (Special Adhesive share transfer stamps) to be affixed on the transfer deed @ 0.25% of the market value of shares prevailing on the date of execution of Share Transfer Form. The details to be filled in the share transfer form are: a. Name of the Company – BANK OF MAHARASHTRA b. Name of the Stock Exchange if purchased through Stock Exchange c. Number of shares in figures & words d. Consideration (Market Price as on date of execution of Share Transfer Form) in figures & words e. Share Certificate Nos. and Distinctive Nos. of shares of all the Share Certificates should be mentioned in the transfer form. Details be given in separate columns for individual share certificates. f. Ledger folio of seller (transferor) g. Names of transferor(s) and their signature(s). h. Signatures, name and
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- What is the procedure to be followed for transfer of shares?
