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TRANSFER OF SHARES
Q.1 I have purchased MARG shares.How do I get them registered?How long will it take? Also, where should i send the shares for transfer? Can I hand them over at your branch office?
A. You will have to send the share certificates along with the Share Transfer Deed (available with Stock Exchange/Share Brokers) duly filled in, executed and affixed with share transfer stamps at 0.25% of the market value on the date of execution of the transfer deed.
Q.2 I want to add another joint-holder name to my shareholding. What is the procedure that I should follow?
A. To add a joint-holder name to your shareholding, please execute a stamped transfer deed and submit the same to the Investor Services Department for transfer. Please note that such additions amount to a change in ownership of shares and the transfer procedure has to be followed.
Q.3 I have purchased shares long back but forgot to get them transferred in my favour. What is the procedure that I should follow now?
A. A transfer deed is valid for a period of one year from the presentation date indicated on the stamp affixed by the Registrar of Companies on the upper portion of the deed or the closure date of Register of Members immediately after the presentation date, whichever is later. Please check whether your transfer deed is still valid. If so, submit the transfer deed duly executed and stamped along with share certificates to our Investor Services Department for transfer in your favor. If the validity period of the transfer deed has expired, please approach the Registrar of Companies to extend the validity of the transfer deed. Alternatively, you may approach the registered holder/seller whose signature appears on the transfer deed as seller to execute fresh transfer deeds. Thereafter you may submit the fresh/revalidated transfer deed to the Investor Services Department for transfer.