Form No. 7BB Counter Receipt And Transfer From

Form No. 7BB Counter Receipt And Transfer From

Counter Receipt and Transfer Form 

Companies (Central Government’s) General Rules And Forms, 1956 

5-A. Section 108-Transfer deed. - 

(2A) An instrument of transfer shall be in Form 7BB in case of companies listed with OTC Exchange of India, a company registered under section 25 of the Companies Act, 1956, as set forth in Annexure A. 

under companies act 1956

Sec 108    -     Transfer not to be registered except on production of instrument of transfer.

A) Every instrument of transfer of shares shall be in such form as may be prescribed, and :

(a) every such form shall, before it is signed by or on behalf of the transferor and before any entry is made therein, be presented to the prescribed authority, being a person already in the service of the Government, who shall stamp or otherwise endorse thereon the date on which it is so presented, and

(b) every instrument of transfer in the prescribed form with the date of such presentation stamped or otherwise endorsed thereon shall, after it is executed by or on behalf of the transferor and the transferee and completed in all other respects, be delivered to the company,

(i) in the case of shares dealt in or quoted on a recognized stock exchange, at any time before the date on which the register of members is closed, in accordance with law, for the first time after the date of the presentation of the prescribed form to the prescribed authority under clause (a) or within twelve months from the date of such presentation, whichever is later ;

(ii) in any other case, within two months from the date of such presentation.

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