Some simple resolutions regarding share transfer

Transfer of shares

"RESOLVED that transfers of equity shares as per the entries in the Share Transfer Book under serial numbers……….. to………….., both inclusive, produced at this meeting, be and are hereby approved."

Authority to sign Share Transfer deeds

"RESOLVED that Shri. S ,be and is hereby authorized to sign on behalf of the company the share transfer deeds and such other papers or documents as may be required on behalf of the company in connection with the transfer of shares of different companies."

Authorization to execute transfer deed

"RESOLVED that Shri………… a Director…………of the company be and is hereby authorized to sign on behalf of the company the share Transfer Form, for transferring………….equity shares of Rs………..each held by the company in M/s. ABC & Co. Ltd. to and in favour of M/s. MNO & Co. Ltd. RESOLVED further that Shri………….. is hereby authorized to do all such further acts, deeds and things as may be necessary for effecting such transfer."

Refusal of Transfer of shares

"WHEREAS an application for registration of transfer of shares held by the member Shri. X was made by the said Shri. X in favour of Shri.Y; AND WHEREAS only Rs. 5/- per share of Rs. 10/- is so far paid on the  shares; NOW THEREFORE it is resolved that a notice by registered A.D. post be served on Shri. Y and it is further resolved that the said transfer shall not be registered until the expiry of two weeks from the date of receipt of the said letter sent by registered A.D. post."

Refusal to register transfer with reasons

"RESOLVED that the transfer of…………equity shares, having consecutive numbers………..to………, both inclusive, from Shri. R to Shri. K, submitted to this meeting, be and is hereby refused on the ground that the aforementioned transfer requires full stamp duty chargeable under the usual transfer and not the nominal amount of stamp under which the transfer instruments, in question, are executed, and that the transfer be not registered and that the Secretary of the company be instructed to give notice to the transferor and the transferee about the decision of the Board."

Rectification in pursuance of the Company Law Board’s order

"RESOLVED that the name of Shri A holding…………equity shares be removed from the Register of Members and the name of Shri B holding…………equity shares be inserted in its place in pursuance of the order of the Company Law Board dated………..made in company petition No………….. and intimated to the company on……….."