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Chapter: Chapter - IV
Rule: Sub-rule (3) of rule 11 the Companies (Share Capital and Debentures) Rules 2014
Approximate Time Saving: 30 minutes
Where an application is made by the transferor alone and relates to partly paid shares, the transfer shall not be registered, unless the company gives the notice of the application, in such manner as may be prescribed, to the transferee and the transferee gives no objection to the transfer within two weeks from the receipt of notice.