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The Register of Shares Transfer is an important document that records the transfer of shares between parties. It serves as a legal record of the ownership change and is crucial for maintaining accurate and up-to-date information about the shareholders of a company.
The entire document consists of several sections that provide detailed information about each transfer of shares. The first section is the account job company account company reg no, which contains the relevant details of the company and its registration number. This section helps in identifying the company and ensuring that the document pertains to the correct entity.
The next section is the register of shares transfers, which is the main part of the document. It includes multiple columns such as transfer no., date of registration, transferee, transferor, name, no. of shares acquired, price of consideration, no. of share certificate, sealing register reference, name, no. of shares for which certificate surrendered, balance certificate, and sealing register reference. Each row in this section represents a specific transfer of shares, and the columns provide detailed information about the parties involved, the number of shares transferred, the price of consideration, and the relevant share certificates.
The register of shares transfers section is followed by the no. of shares and cert. no. section, which provides a summary of the total number of shares and the corresponding certificate numbers.
In summary, the Register of Shares Transfer is a comprehensive document that plays a crucial role in maintaining accurate records of share transfers. It contains detailed information about each transfer, ensuring transparency and legal compliance.
To effectively use the Register of Shares Transfer document, follow these steps:
1. Fill in the account job company account company reg no section with the relevant details of the company, including its registration number. This will ensure that the document pertains to the correct entity.
2. In the register of shares transfers section, fill in each row with the specific details of each transfer. Start with the transfer no., followed by the date of registration. Enter the names of the transferee and transferor in the respective columns. Provide the name of the company in the name column. Specify the number of shares acquired and the price of consideration. Enter the details of the share certificate, including the number and the sealing register reference.
3. If any shares are being surrendered, fill in the corresponding columns with the details of the surrendered shares, including the number and the sealing register reference. Provide the balance certificate details if applicable.
4. In the no. of shares and cert. no. section, enter the total number of shares and the corresponding certificate numbers.
By following these steps, you will accurately record and maintain the transfer of shares, ensuring transparency and legal compliance.