To effect the share transfer, the following steps must be followed:
Step 1: Obtain share transfer deed in the prescribed format.
Step 2: Execute the share transfer deed duly signed by the Transfer or and Transferee.
Step 3: Stamp the share transfer deed as per the Indian Stamp Act and Stamp Duty Notification in force in the State.
Step 4: Have a witness sign the share transfer deed with his/her signature, name and address.
Step 5: Attach the share certificate or allotment letter with the transfer deed and deliver the same to the Company.
Step 6: The company must process the documents and if approved, issue new share certificate in the name of the transferee.