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5A. Section 108

(1) For purposes of clause (a) of sub-section (1A) of section 108, the prescribed authority shall be the Registrar, or such other authority as the Central Government may from time to time appoint in that behalf of notification in the Official Gazette.

(2) An instrument of transfer shall be in Form 7B set forth in Annexure A.

18[(2A) An instrument of transfer in respect of counter receipts allowed to be traded by Over the Counter Exchange of India (OTCEI) shall be in Form 7BB.]

(3) When an instrument of transfer is presented to the prescribed authority referred to in sub-rule (1), that authority shall forthwith stamp or otherwise endorse thereon the date of such presentation, affix its signature thereto and return the instrument to the party presenting the same:

19[Provided that the said instrument presented in Form 7B as was in force immediately before the 22nd day of April, 1988, the date of commencement of the Companies (Central Government’s) General Rules and Forms (Amendment) Rules, 1988 shall be valid if it is presented and stamped or endorsed by the prescribed authority on or before the 30th day of July, 1988:]

20[Provided further that] when the said instrument is sent to the prescribed authority by post, it shall be accompanied by a self-addressed envelope with the requisite postage stamps for the return of the instrument of the sender.

21[(4) Every application to the Central Government for extension of time under sub-section (1D) of section 108 shall be made in Form 7C and shall be accompanied by the instrument of transfer forming the subject-matter of the application and the fee prescribed therefor.]

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