Rule 27A
Transfer Of The Securities
(1) Where the Securities listed in the Stock
Exchange have been purchased and sold through the.
38 Inserted by Second Amendment.
39 Inserted by Second Amendment.
40 Inserted by Second Amendment.
41 Inserted by First Amendment.
42…………..Securities Dealer and therefore a correspondence is made
from the Stock Exchange, appending thereto the document of sale and
certificate of the Securities has been received for the transfer of such
Securities, by cancelling the name of the seller, into the name of the
buyer.
(2) Where a shareholder or 43Securities Entrepreneur which has
obtained membership by unifying or spicing the shares mentioned in the
Share certificate and changing into the prescribed lot, demands for
separate certificates the concerned corporate Body shall, after receiving
fee as per rule, shall issue separate certificates.
(3) If a person who has purchased securities desires to sell such
securities before transferring such securities in to his name and submits
an application along with the documents he has obtained for the purpose
of selling the securities and the certificate of securities, it shall be
certified that such securities are registered in the Corporate Body.
(4) Where a person has sold the securities into his/her name, to
any other before maintenance of final records in his/her name and if an
application, appending thereto the documents so sold and the certificate
of securities, the concerned Corporate Body shall directly transfer such
securities into the name of last buyer.
(5) Notwithstanding anything contained in sub-rule (1), (2), (3)
and (4), the concerned Corporate Body may refuse to transfer the
securities in the following conditions :-
(a) Where a court or officer of competent authority has
suspended the transfer of the Securities,
42 Deleted by Second Amendment.
43 Amended by Second Amendment.
(b) Where the purchase and sale have been made in less
number than the minimum unit prescribed by the
Corporate Body.
(c) Where the purchase and sale have been made so that it
exceeds the maximum number which a person can hold
into his name.
Exchange have been purchased and sold through the.
38 Inserted by Second Amendment.
39 Inserted by Second Amendment.
40 Inserted by Second Amendment.
41 Inserted by First Amendment.
42…………..Securities Dealer and therefore a correspondence is made
from the Stock Exchange, appending thereto the document of sale and
certificate of the Securities has been received for the transfer of such
Securities, by cancelling the name of the seller, into the name of the
buyer.
(2) Where a shareholder or 43Securities Entrepreneur which has
obtained membership by unifying or spicing the shares mentioned in the
Share certificate and changing into the prescribed lot, demands for
separate certificates the concerned corporate Body shall, after receiving
fee as per rule, shall issue separate certificates.
(3) If a person who has purchased securities desires to sell such
securities before transferring such securities in to his name and submits
an application along with the documents he has obtained for the purpose
of selling the securities and the certificate of securities, it shall be
certified that such securities are registered in the Corporate Body.
(4) Where a person has sold the securities into his/her name, to
any other before maintenance of final records in his/her name and if an
application, appending thereto the documents so sold and the certificate
of securities, the concerned Corporate Body shall directly transfer such
securities into the name of last buyer.
(5) Notwithstanding anything contained in sub-rule (1), (2), (3)
and (4), the concerned Corporate Body may refuse to transfer the
securities in the following conditions :-
(a) Where a court or officer of competent authority has
suspended the transfer of the Securities,
42 Deleted by Second Amendment.
43 Amended by Second Amendment.
(b) Where the purchase and sale have been made in less
number than the minimum unit prescribed by the
Corporate Body.
(c) Where the purchase and sale have been made so that it
exceeds the maximum number which a person can hold
into his name.