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Stock Transfer Form Gift Of Shares Template for India

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Key Requirements PROMPT example:

Stock Transfer Form Gift Of Shares

"I need a Stock Transfer Form Gift Of Shares to transfer 1,000 shares in my private family business to my daughter, with the transfer to be completed by March 2025; the shares are currently unencumbered and held in physical form."

Document background
The Stock Transfer Form Gift Of Shares is a crucial document in Indian corporate practice, specifically designed for situations where shares are being transferred as a gift rather than through a sale transaction. This form is commonly used in family business restructuring, estate planning, or transferring shares between family members. It must comply with various Indian laws including the Companies Act, 2013, Transfer of Property Act, and relevant SEBI regulations for listed companies. The document includes detailed information about the shares being transferred, declarations regarding the gift nature of the transfer, and necessary party details. It's particularly important to ensure proper execution as it serves as evidence of transfer and is required for updating the company's register of members and issuing new share certificates.
Suggested Sections

1. Transferor Details: Full legal name, address, and contact details of the person gifting the shares

2. Transferee Details: Full legal name, address, and contact details of the person receiving the shares as gift

3. Share Details: Specific details of shares being transferred including company name, number of shares, distinctive numbers, folio number, and share certificate numbers

4. Consideration: Declaration that the transfer is being made as a gift with nil monetary consideration

5. Gift Declaration: Explicit statement confirming the voluntary nature of the gift and that it is made out of natural love and affection

6. Transfer Declaration: Statement confirming the transferor's title to the shares and that they are free from any encumbrances

7. Execution Block: Space for signatures of transferor and witness, with dates and required details

Optional Sections

1. Relationship Declaration: Statement specifying the relationship between transferor and transferee, particularly relevant for family transfers

2. SEBI Compliance Statement: Required for listed company shares, confirming compliance with relevant SEBI regulations

3. Tax Implications Acknowledgment: Statement acknowledging that parties understand the tax implications of the gift

4. Power of Attorney Reference: Required if the transfer is being executed through a Power of Attorney holder

5. Corporate Authorization: Required if either party is a corporate entity, including board resolution references

Suggested Schedules

1. Schedule A - Share Details: Detailed table with complete share certificate information including certificate numbers, distinctive numbers, and dates of issue

2. Schedule B - Supporting Documents: List of attached documents such as ID proofs, PAN cards, and address proofs of both parties

3. Schedule C - Previous Title Documents: Details of documents evidencing transferor's title to the shares

4. Appendix 1 - Witness Details: Complete details of witnesses including names, addresses, and occupation

5. Appendix 2 - Notarization Page: Space for notary attestation if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















Clauses


















Relevant Industries

Financial Services

Legal Services

Corporate Services

Family Business

Private Equity

Investment Management

Professional Services

Banking

Stock Broking

Wealth Management

Relevant Teams

Legal

Corporate Secretarial

Compliance

Finance

Share Registry

Corporate Governance

Investment Management

Wealth Advisory

Risk Management

Board Secretariat

Relevant Roles

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Share Transfer Agent

Financial Advisor

Wealth Manager

Tax Consultant

Corporate Governance Officer

Board Director

Managing Director

Chief Financial Officer

Legal Manager

Investment Advisor

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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