I have purchased G E SHIPPING shares.
What is the procedure for registration?
What is the time frame involved?
A.
After
executing the transfer deed with proper
stamp duty, kindly send the transfer
deed along with the share certificate(s)
to the Registrars & Share Transfer Agents.
It takes a period of 7 days.
Q.
Where
should I send the shares for transfer?
A.
Requests
for Transfer of Shares should be sent
to the Registrars & Share Transfer Agents
at the following address:
Sharepro Services
912, Raheja Centre
Nariman Point
Mumbai 400021
Q.
I
want to add another joint-holder to
my shareholding. What is the procedure
that I should follow?
A.
Addition of any name means technically
transfer of shares. In such cases share
transfer procedure needs to be followed.
Q.
What is the stamp duty payable on
transfer of shares?
A.
Currently, the stamp duty payable is
0.25% of the total consideration of
transaction
Q.
What
are the charges to be paid for dematting
the physical shares and who will bear
such cost?
A.
The
charges to be borne by the investors
are for dematerialisation/ maintaining
demat account, transaction charges involving
sale/purchase etc. These charges are
market determined differ from DP to
DP and are usually debited to the designated
bank account of the investors.
Q.
I
hold shares in two (or more) folios.
Can I consolidate the folios?
A.
Consolidation
of folios is possible provided the order
of names (in case of joint holdings)
is identical in all the folios. A letter
under the signature of all the holders
will suffice the requirement. No share
transfer deed is required to be executed
in such cases.
