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<h1>Understanding Share Transfer Procedures Under Section 108 of Companies Law: Forms, Authorities, and Application Guidelines</h1> Section 108 of the Companies Law outlines the procedures for transferring company shares. The prescribed authority for overseeing these transfers is the Registrar or another authority appointed by the Central Government. Transfer instruments must be in Form 7B or Form 7BB for trades via the Over the Counter Exchange of India. Upon presentation, the authority must date, sign, and return the instrument. If sent by post, a self-addressed stamped envelope is required. Applications for time extensions under Section 108 must use Form 7C and include the transfer instrument and prescribed fee.