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of <h1>Companies Must Honor Share Transfers Attested by Officials; Follow Section 113 of the Companies Act, 1956.</h1> Certain companies have been rejecting share transfer requests due to discrepancies in specimen signatures, despite these forms being attested by authorized officials. According to the prescribed share transfer form (No. 7B) and guidelines from the Ministry of Finance, attestation by a magistrate, notary public, or similar authority is sufficient for validity. Companies are urged to adhere strictly to these instructions and ensure share transfers are completed within the timeframe mandated by section 113 of the Companies Act, 1956, and the listing guidelines, avoiding unnecessary refusals based on signature mismatches.
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