What is the procedure to be followed for transfer of shares?
For transfer of Physical shares, Share Transfer Form should be filled in properly and admissible stamps (Special Adhesive share transfer stamps) to be affixed on the transfer deed @ 0.25% of the market value of shares prevailing on the date of execution of Share Transfer Form. Duly filledin Share Transfer Form along self attested copy of pancard of Transferors & Transferees along with application letter should be submitted to Bank or our Registrar for effecting transfer. It takes about 15 days for the Company’s Registrar and Share Transfer Agent to process the transfer.
The transfer deed may be lodged with the Bank’s Registrar & transfer Agent MCS Share Transfer Agent Ltd., Office No.002, Ground Floor, Kashiram Jamnadas Building, 5, P. D. Mello Road, Ghadiyal Godi, Masjid (East), Mumbai 400009
The above procedure is not applicable to shares held in demat form. For this the shareholder(s) have to contact their Depository Participant (DP) where demat account is maintained.
Click here for Share Transfer Form
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