- I have purchased shares of HDFC in physical form. How do I register the same in my name?
After executing the share transfer deed in prescribed Form 7-B and affixing stamp duty thereon please forward the same along with the share certificate(s) stated therein to the Investor Services Department of the Corporation (ISD) at the following address:
Housing Development Finance Corporation Limited.
Investor Services Department.
Tel Rasayan Bhavan, Gr. Floor
Tilak Road Extension,
Opp B.E.S.T. Workshop Gate No. 4,
Dadar T.T., Dadar (East),
Mumbai 400 014.
Tel: 022-24146267 / 022-24146268
Alternatively, such requests can also be submitted at the Registered Office of the Corporation.
- What is the stamp duty payable on transfer of shares?
As per Article 62(a) of Schedule 1 of Indian Stamp Act, 1899, currently stamp duty is payable @ 0.25% of total consideration viz. being the market value of the shares as traded on the date of execution of transfer.
- What is the procedure to add the name of another person as a joint-holder?
Addition of name is deemed to be transfer of shares. In such cases, the procedure laid for transfer of shares as stated above is required to be followed.
- What is the procedure for transfer of shares in case one forgets to lodge the shares acquired more than a year ago?
The share transfer deed (TD) is valid for a period of one year from the date of its presentation as specified thereon.
In case of a delay for more than a year from the said date, you are required to get the TD duly revalidated by the office of the Registrar of Companies or such other notified authorities by paying the prescribed fee.
After revalidation as above, you should send the TD along with the share certificate(s) to the ISD within one month from the date of revalidation.