Section 56 of the Companies Act, 2013 requires a company to give notice of transfer of shares. The key details related to this compliance are:
Purpose: The purpose of this compliance is to inform the company about the transfer of shares from one person to another.
Applicability: This compliance is applicable to all companies registered under the Companies Act, 2013.
Timeline: The company must receive notice of transfer of shares within 60 days from the date of such transfer.
Exemption: There are no exemptions provided for this compliance.
Penalty: In case of non-compliance with this provision, the company may be liable to pay a penalty of up to Rs. 2,00,000.
Due date: The company must receive the notice of transfer of shares within 60 days from the date of such transfer.
Forms: There is no specific form prescribed for this compliance.
Reporting authority: The company secretary or any other authorized person is responsible for complying with this provision.
Other details: The notice of transfer of shares must contain details such as the name of the transferor and transferee, the number and class of shares transferred, the consideration paid for the transfer, and any other relevant details.
