Share documents and requirements
Share your requirements and the list of documents mentioned below.
Efficient and professional support throughout! Wazzeer’s experts simplified complex accounting tasks, proving their dedication to customer satisfaction. Moreover, their responsiveness to queries and updates on the progress were impressive. Wazzeer’s comprehensive services were worth every penny invested. I can wholeheartedly recommend Wazzeer to anyone seeking reliable and efficient legal solutions for their business needs.
Priyank Tiwari
Co-Founder and CBO at Nutritap
Outstanding legal advice! Wazzeer’s team of experts proved to be true professionals, guiding me flawlessly through the intricate incorporation process. From the initial consultation to the final paperwork, they displayed remarkable expertise and dedication. Their personalized approach and attention to detail instilled confidence in me, making the entire experience stress-free.
Marc Rouhana
Co-Founder and CEO at Onscreen
Compliance worries? Not anymore! Wazzeer’s compliance services are reliable and saved me time and effort. Impressed by their efficiency!
Atul Shree
Founder at Convin.ai
Accounting made stress-free! Wazzeer’s experts streamlined my finances, maximizing my tax benefits. A trustworthy platform for entrepreneurs. Thanks a lot to the entire team.
Sreedhar Bevara
CEO at BMR Innovations
Wazzeer exceeded my expectations! Their legal team swiftly resolved my contract issues, ensuring a seamless experience. Highly recommended for top-notch service!
Abhijit Roy
Co-founder and CEO at Golden Pi
We have been very pleased with the services being offered by Wazzeer.com. Best part is that you have a dedicated account manager who takes care of all your legal, accounting, compliance, audit related services, so instead of dealing with 4-5 professionals you deal with just one individual.
Vaibhav Pandey
Co-founder at I2I Funding
What Is Transfer of shares?
Shares can be easily transferred from a shareholder to any person (a new or existing shareholder). Shares are transferred trough a way of sale or gifting. Usually, the shares are transferred to introduce a new shareholder in a company.
Process Flow
Step 1
Step 2
Receive duly executed transfer form (SH-4)
SH-4 will be received along with original share certificate within sixty days from the date of execution
Step 3
Passing the board resolution
A resolution would be passed to brief out about details
Step 4
Share signed document
Share all your signed documents to us
Step 5
Filing of FC - TRS with RBI
RBI has to informed about Foreign Currency transfer of shares by filing up the form
Step 6
Approval of FC - TRS
If everything fits fine RBI would provide their approval
Step 7
Wazzeer provides new share certificate
Wazzeer would then issue new share certificate
Step 8
Sharing deliverables
We will share Duly stamped Share Transfer Form (SH-4), New Share Certificates Resolution and FC- TRS Form and Acknowledgement
Documents required
- Original Share Certificates of Transferor
- Copy of FIRC
Deliverables
- Duly stamped Share Transfer Form (SH-4)
- New Share Certificates
- Resolution
- FC- TRS Form and Acknowledgement
Why choose Wazzeer?
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One platform for all your requirements
Incorporation is just the first step. Wazzeer supports you throughout your journey as an entrepreneur. Log in to get things done efficiently. A dedicated Account Manager offers the required human touch and acts as an advisor to you.
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Experienced professionals
Our professionals have at least 5 years of experience and have incorporated thousands of companies among them. The rich experience ensures that the process is smooth and right in the first go.
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Defined process
Over the last few years, doing over 500 incorporations, we have defined every step of the process. A virtual process is in place enabling us to deliver hassle free experience for you.
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Cost Effective
You pay what you see in the proposal. No surprises or hidden charges.
Frequently Asked Questions
In the case of transfer of shares is there any Tax that is liable?
Yes, in the case of transfer of shares, there may be tax liabilities depending on the nature of the transfer and the applicable tax laws. If the shares are held for a period of less than 12 months, the transfer may attract short-term capital gains tax, which is calculated based on the difference between the sale price and the cost of acquisition. If the shares are held for more than 12 months, long-term capital gains tax may apply, which is calculated at a lower rate. The tax liability may vary depending on the type of share and the residency status of the buyer and the seller.
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The shares being held by an Indian Shareholder are being transferred to a Non-Indian shareholder. Is there any other filing/compliance that is needed?
Yes, if shares held by an Indian shareholder are being transferred to a non-Indian shareholder, there are some filings and compliance requirements that need to be met. The transfer must be reported to the Reserve Bank of India within 60 days of the transfer, using the prescribed form. Additionally, the company must ensure compliance with all relevant provisions of the Foreign Exchange Management Act, 1999, and any other applicable laws and regulations. The non-Indian shareholder must also obtain any necessary approvals and comply with any other requirements under Indian laws.
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The shares being held by a non-Indian Shareholder are being transferred to an Indian shareholder. Is there any other filing/compliance that is needed?
Yes, if shares held by a non-Indian shareholder are being transferred to an Indian shareholder, there are some filings and compliance requirements that need to be met. The transfer must be reported to the Reserve Bank of India within 30 days of the transfer, using the prescribed form. Additionally, the company must ensure compliance with all relevant provisions of the Foreign Exchange Management Act, 1999, and any other applicable laws and regulations. The Indian shareholder must also ensure compliance with the Income Tax Act, 1961, and pay any applicable taxes.
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The shares being held by a non-Indian Shareholder are being transferred to another Non-Indian shareholder. Is there any other filing/compliance that is needed?
Yes, if shares held by a non-Indian shareholder are being transferred to another non-Indian shareholder, there are some filings and compliance requirements that need to be met. The transfer must be reported to the Reserve Bank of India within 60 days of the transfer, using the prescribed form. Additionally, the company must ensure compliance with all relevant provisions of the Foreign Exchange Management Act, 1999, and any other applicable laws and regulations.
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We incorporated a company but we do not have a share certificate, how can we transfer shares of my company?
In order to transfer shares of a company, it is necessary to have share certificates. If your company has not issued share certificates, you must first issue them to the shareholders. Once the share certificates are issued, the transfer of shares can take place through a share transfer deed. The share transfer deed must be executed by both the transferor and the transferee, and it must be stamped and registered with the Registrar of Companies.
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