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of <h1>Share Transfers Require Proper Stamping and Execution; Central Government Can Extend Deadlines to Prevent Hardship</h1> A company cannot register a transfer of shares or debentures without a properly stamped and executed instrument of transfer from both transferor and transferee, accompanied by the relevant share or debenture certificate or allotment letter. Exceptions are made if the transfer document is lost, provided the Board is satisfied and indemnity terms are met. Transfers must adhere to prescribed forms and timelines, with specific rules for shares on recognized exchanges. Certain transfers, such as those involving government entities or specific financial institutions, have additional stipulations. The Central Government may extend deadlines to prevent hardship. Transfers recorded by a depository are exempt from these requirements.
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