MCA tweaks Form SH-4 to include a declaration from transferee
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- By Chetan Kulasri
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- Last Updated on 6 May, 2022
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NOTIFICATION No G.S.R 335(E), Dated 04.05.2022
The MCA has notified the Companies (Share Capital and Debentures) Amendment Rules, 2022 whereby ‘Securities Transfer Form’ i.e. Form SH-4 has been revised to include a declaration from the transferee that “no Govt. approval is required under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 prior to the transfer of shares or where the transferee is required to obtain the Govt. approval prior to the transfer of shares, the same has been obtained and is enclosed herewith the form.”
As per section 56 of the Companies Act, 2013 read with Rule 11 of the Companies (Share Capital and Debentures) Rules, 2014, a transferee is required to send Form SH-4 to the Company within 60 days from the date of execution of share transfer agreement along with the share transfer certificate.
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