I have purchased WELLNESS NONI LTD shares. How do I get them registered? How long will it take?
The shares for transfer may be lodged with Registrar and Share Transfer Agent (RTA) or the Company at its Registered Office. All transfer requests are processed by the RTA within a period of 15 to 30 days from the date of receipt, if documents are in order in all respect. In case of non-receipt of response from the RTA within 15 days of lodging the transfer request, you may contact them with details of documents to find out the current status of shares.
I would like to gift some shares to my children/relatives. How do I get them registered in their names? Does it involve stamp duty?
The procedure of registration of shares gifted is same as the procedure for a normal transfer. The stamp duty is also applicable in case of gifted shares, and the duty is at 0.25% of the market value prevailing on the date of execution of the transfer deed by the transferee.
Where should I send the shares for transfer?
The Registrar and Share Transfer Agent only carry out Registration of Share Transfer. You will have to lodge the shares, either by personal delivery or through post/reputed courier. The address of the RTA is as follows:
M/s. Cameo Corporate Services Ltd,
No:1, Club House Road, Chennai – 600 002
Fax: 044-2846 0129
What is the stamp duty on shares? Where do I get these stamps?
The stamp duty applicable on share transfer is at 0.25% on the market value on the date of execution of the transfer deed. Share Transfer Stamps can be obtained from the authorized stamp vendors. Your share broker can also help you in this regard.
How do I ensure that the Transfer Deed is complete before sending it to the company?
Please fill in all the columns of the transfer deed, sign as transferee at appropriate places and affix share transfer stamps at 0.25% of the market value on the date of execution of the transfer deed. Please ensure that the transfer deed is duly filled in and executed as explained, to avoid any discrepancy/objection on lodgment.
I want to add another joint-holder name to my shareholding. What is the procedure that I should follow?
You have to execute a transfer deed, duly stamped and submit the same to the Registrar and Share Transfer Agent for transfer. Please note that such addition of name amounts to change in ownership of shares and the procedure for transfer as defined in point #3 has to be followed.
I have purchased WELLNESS NONI LTD shares long back but I forgot to get them transferred in my favor. What is the procedure that I should follow now?
A transfer deed is valid for a period of one year from the presentation date indicated in 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. For e.g. suppose the date of presentation as indicated on the transfer deed is 11th Feb, 2007 and closure date of Register of Member is 18th Jul, 2007; then in that case transfer deed will be valid up to 10th Feb, 2007. Please check whether your transfer deed is still valid. If so, submit the transfer deed duly executed and stamped along with share certificates with our Registrar and Transfer Agents, M/s. Knack Corporate Service Pvt.Ltd for transfer in your favor.
If the validity period of the transfer deed has expired you will have to approach the Registrar of Companies for extending the validity of the transfer deed. Alternatively, you may approach the registered holder/seller whose signatures are appearing on the transfer deed as seller to execute fresh transfer deeds. Thereafter you may submit the fresh/revalidated transfer deed to RTA.Note:
As per the SEBI norms, the xerox copy of the PAN No of the transferee is mandatory for transferring the shares in their name.
So all the members who are all sending their Physical mode share transfer, are requested to send their documents(share transfer forms duly filled & signed along with original share certificate)accompanying with xerox copy of the PAN No of the transferee.