Transfer of shares procedures: measures require decentralised receipt, stamp facilitation, delegated transfers, uniform record dates and prompt listing. Government directs implementation of Working Group recommendations to streamline share transfers: companies must provide counter receipt points for transfer documents, with additional metropolitan collection centers for large issuers; improve stamp availability via franking machines and bank branches; delegate transfer authority for small transfers to committees; amend listing agreements for uniform record dates and reduced book closures; adopt a uniform system for consolidating odd lot transfer deeds into marketable lots; permit single quotation and pari passu delivery for new shares from further issues; and require timely listing of specified issues including rights issues.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of shares procedures: measures require decentralised receipt, stamp facilitation, delegated transfers, uniform record dates and prompt listing.
Government directs implementation of Working Group recommendations to streamline share transfers: companies must provide counter receipt points for transfer documents, with additional metropolitan collection centers for large issuers; improve stamp availability via franking machines and bank branches; delegate transfer authority for small transfers to committees; amend listing agreements for uniform record dates and reduced book closures; adopt a uniform system for consolidating odd lot transfer deeds into marketable lots; permit single quotation and pari passu delivery for new shares from further issues; and require timely listing of specified issues including rights issues.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
