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of <h1>Amendment to Rule 5A: New Form 7BB Required for Share Transfers on OTC Exchange of India</h1> The notification issued by the Department of Company Affairs, Ministry of Law, Justice, and Company Affairs, announces the insertion of sub-rule (2A) in rule 5A of the Companies (Central Government's) General Rules and Forms, 1956. This amendment mandates that the instrument of transfer for companies listed with the OTC Exchange of India must be in Form 7BB. The notification outlines the procedures, transaction details, and conditions associated with the transfer of shares, including brokerage, transaction fees, and the arbitration process for disputes. The rules are applicable across India and emphasize the safe custody of trading documents.
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