Form No. 7E Companies Act 1956 Template

Select State / UT*

FORM NO. 7E OF THE COMPANIES ACT, 1956

Stamp paper shown for illustration only — not included in the document you download.

Non-Judicial

FORM NO. 7E

Form of intimation to the Central Government of the Proposal to transfer shares: form of application for approval of the Central Government for transfer of shares of Foreign Companies

Name(s) of the transferor(S) and address(es) of its/their Registered Office(s)
Name(s) of directors of transferor(s) giving full details of directorships /proprietorship/partnership held by them in other bodies corporate
(a) (I) Name and address of the Registered Office of the company whose shares are proposed to be transferred
(ii) If the application is under section 30D, State the established place of business in India
(b) The total issued, subscribed and paid-up equity share capital of the company whose shares are proposed to be transferred.
? The number, nominal value and other particulars of shares that are proposed to be transferred.
Composition of the board of directors of the company whose shares are proposed to be transferred indicating nominees, if any, of the transferor
whether the company whose shares are proposed to be transferred, is a dominant undertaking
whether the applicant is the owner in relation to a dominant undertaking or would be, as a result of such transfer of shares, the owner of a dominant undertaking as defined in section 2(d) of the Monopolies and Restrictive Trade Practices Act, 1969. If so, the particulars thereof

Shareholding pattern of investee company in the following form:	No. of equity shares held (existing/after)	percentage to equity capital (existing/after)
(i) Financial institutions. If the transferor is a constituent of a group, the present holding of the group to which the transferor belongs may be indicated.
(ii) Non- residents (individuals, foreign companies, etc.)
(iii) Directors and their relatives and constituents of group
(iv) Inter-connected bodies corporate/firms of group
(v) Indian public

8. Present holding of the transferor(s), including those, companies under the same management with percentage of shares held, in the nominal value of the subscribed equity share capital of the company whose shares are proposed to be transferred (Note:-- Each body corpoorate which holds more than one per cent total equity share capital shall be indicated separately).
9. Name(s) of the proposed transferee(S) and its/their address(es)
10. What are the sources of finance of transferees? Whether these are to be transferred to share brokers; If so, who are the ultimate transferees. Furnish their complete details.
11. If the transferee is a company, name of its directors.
12. Number and the nominal value of the equity shares already held by the proposed transferee(s) and the other constituents of the group to which the transferee(s) belong in the equity share capital of the company whose shares are proposed to be transferred; and the percentage of shares held to the total equity capital of the company.
13. Number and the nominal value of equity shares held by the transferee(s) and other constituents of the group to which he belongs after the acquisition of the proposed shares and the percentage of shares that will be held after such acquisition to the total equity capital of the company.
14. (a)Whether the assetes of the company whose shares are proposed to be transferred were valued by the management with the assistance of a valuer during the last two years. A statement in respect of the value of assets together with the basis of valuation may be attached to the application.
(i) In case the fixed assets of the company whose shares are proposed to be acquired have been revalued at any time, full details thereof.
15. (a) Nominal value of shares.
(i) Rate at which the shares are proposed to be transferred .
16. Whether the shares proposed to be transferred are quoted on any stock exchange. If so, the rate on which they were quoted, date of quotation and the name pf the stock exchange where they are listed may be stated.
17. (a) Break-up value of share as per the latest balance sheet of the company whose shares are proposed to be transferred as calculated in Annexure I.
(i) Value of shares based on yield basis as calculated in Annexure II.
18. Whether the proposed transfer of shares will result any change in the composition of the board of directors of the company whose shares are proposed to be transferred. If so, the details thereof.
19. (a) Whether the approval under the Foreign Exchange Regulation Act, 1973, is needed for the transfer of shares. If so, whether necessary approval has been obtained. A copy of the said approval may be enclosed.
(i) Whether the provision of section 372(4) of the Companies Act, 1956, or the provision of any other law are applicable in respect of the above transactions. If so, whether they have been complied with. Please give particulars.
(ii) Whether clauses 40A and 40B of listing agreement of stock exchange are applicable ? Please give particulars.
(iii) Indicate the relevant clauses of memorandum of association and articles of association for the proposal.
20. (a) The line of business of the company whose shares are proposed to be transferred. Details regarding items manufactured may be given.
(i) Whether the company whose shares are proposed to be transferred or its subsidiaries is engaged in any industry in Schedule to the Act, *If so, the details may be furnished .
21. Purpose proposed to be achieved by the proposed transfer of shares.
22. Please enclose a copy each of the following:
(i) One copy of the audited balance sheet and profit and loss account of the company whose shares are proposed to be transferred for each of the last three years.
(ii) A copy of the latest balance sheet and profit and loss account of the transferor.
(iii) A copy of the latest audited balance sheet and profit and loss account of the transferee in case it is a body corporate.
(iv) Challan/bank draft towards payment of fees.
23. Any other information which the company wants to furnish.

I/We solemnly declare that the facts stated in the statement are true top the best of my/our knowledge and the other facts are true to the best of my/our information and belief.

Signature of the applicant

Designation/Description

Date:

Notes: (a) If the intimation is incomplete in any respect, the deficiency will be pointed out to the applicant and the period 60 days mentioned in section 108E of the Act will be counted from the date from which such deficiency is rectified.

In respect of intimation under section 108C of the Act, the information may be furnished in respect of the assets, . of the Indian branch of the foreign body of corporate.

The information together with enclosures shall be furnished in triplicate.
The information in respect of items 14(a), 14(b), 17(a), and 17(b) need not be furnished if the nominal value of shares proposed to be transferred is less than Rs. 10,000.

The reference here is to the MRTP Act.

ANNEXURE I

Break-up value of shares as per the latest balance sheet

(Rupees in thousands)

Paid-up capital

Add: Reserves and surplus:

Less:

(a)

Miscellaneous expenditure to the extent not written of

(b)

Debit balance of profit and loss account

Arrears of depreciation not provided for

(d)

Contingent liabilities such as

(i) Gratuity, taxes, etc., with details

(ii) Dividends proposed to be paid out of reserves.

(iii) Income-tax liability not provided for

Total net worth

Preference capital

Net worth of equity

A-B

Break-up value per equity share

A-B

Total No. of equity shares

Download PDF₹49 Download Word₹49

944 people have downloaded this document

About this agreement

FORM NO. 7E OF THE COMPANIES ACT, 1956

Are you a company secretary or director in India needing to notify the Registrar of Companies (ROC) about consolidation or division of share capital? Download our ready-to-use FORM NO. 7E OF THE COMPANIES ACT, 1956 format in customizable PDF or Word format for free. This legal template ensures seamless compliance under Section 95 of the Act, saving you time and avoiding penalties.

What is Form No. 7E of the Companies Act, 1956?

Form No. 7E is a statutory document prescribed under the Companies Act, 1956, specifically for companies to intimate the ROC regarding changes in share capital structure. It covers consolidation of share capital (combining multiple shares into fewer ones), division of share capital (sub-dividing shares), or conversion of fully paid-up shares into stock. This form is crucial for maintaining accurate records with the Ministry of Corporate Affairs (MCA) in India.

In the era of digital filings via the MCA portal, having a precise FORM NO. 7E sample or format is essential. Our template is designed to meet all ROC requirements, making it a go-to resource for businesses undergoing capital restructuring.

Why is Form No. 7E Important?

Filing Form No. 7E within 30 days of the resolution authorizing the change is a legal mandate under Section 95. Non-compliance can lead to fines up to ₹500 per day of delay, damaging your company's reputation and inviting scrutiny. Key benefits include:

Regulatory Compliance: Keeps your company's records updated and avoids legal disputes.
Transparency: Informs shareholders and regulators about capital changes promptly.
Efficiency: Our ready-to-use FORM NO. 7E format reduces preparation time from hours to minutes.
Cost-Effective: Free download option with premium customization available via AI tools or legal experts.

Whether you're a private limited company, public company, or LLP adapting to business growth, this form safeguards your operations in India's corporate landscape.

Key Elements of Form No. 7E

A standard FORM NO. 7E OF THE COMPANIES ACT, 1956 template must include:

Company Particulars: CIN, name, registered office address, and email.
Share Capital Details: Authorized, issued, subscribed, and paid-up capital before and after changes.
Nature of Alteration: Specifics on consolidation (e.g., 10 shares of ₹10 into 1 share of ₹100), division, or conversion to stock.
Resolution Details: Date, type (ordinary/special), and board/general meeting reference.
Directors' Certification: Signatures and DIN of at least two directors.
Attachments: Copy of resolution, altered MoA/AoA if applicable, and board resolution.

Our customizable FORM NO. 7E format comes pre-filled with placeholders, ensuring nothing is missed for MCA e-filing.

Who Should Use Form No. 7E?

This form is indispensable for:

Private and Public Companies: During equity restructuring, mergers, or buybacks.
Startups Scaling Up: Consolidating shares post-funding rounds.
Listed Companies: Complying with SEBI and ROC norms.
Company Secretaries and CAs: For quick, error-free filings.

Common use cases include post-IPO adjustments, capital reduction schemes, or adapting to Companies Act, 2013 transitions (though Form 7E remains relevant for legacy filings).

Download Your FORM NO. 7E Format Now

Ready to streamline your compliance? Get the free download FORM NO. 7E sample in Word or PDF today. For personalized versions, use our AI-powered customization tool or consult our legal experts for India-specific advice.

Note: While this legal template is ready-to-use, it's recommended to seek professional legal advice to tailor it to your circumstances. Customize further for court filings, company requirements, or integrate with other MCA forms like Form 5 or Form 18. Explore related templates: Share Transfer Form, Board Resolution Format, and more for comprehensive corporate documentation.

Important Guidelines

Guidelines for Drafting FORM NO. 7E OF THE COMPANIES ACT, 1956

Where it is Used: Form No. 7E is used under the Companies Act, 1956, for filing a declaration with the Registrar of Companies (RoC) regarding the modification of charges created by a company. This form is essential for notifying the RoC about any changes or modifications made to the terms or particulars of a previously created charge on the company's assets.

Guidelines:

Specific Charge Details: Clearly specify the details of the charge being modified, including the date of creation, type of charge, and particulars of the assets charged.

Details of Modification: Provide a comprehensive description of the modifications made to the charge, including changes in terms, conditions, or other relevant particulars.

Supporting Documents: Attach any supporting documents or evidence that substantiate the modifications made. This may include resolutions or agreements supporting the changes.

Timely Filing: File the form with the RoC promptly after making modifications to the charge. Delayed filing may result in penalties.

Common Mistakes to Avoid:

Incomplete Charge Information: Provide comprehensive details of the charge being modified. Incomplete information may lead to delays or rejection of the declaration.

Lack of Supporting Documents: Ensure all necessary supporting documents are attached, as required by the RoC. Failure to do so may result in non-compliance.

Failure to Confirm Legal Requirements: Obtain professional legal advice to ensure the form complies with legal provisions. Ignoring legal requirements may lead to complications.

Incorrect Date or Details: Ensure accuracy in specifying the date of modification and other particulars. Mistakes in details may lead to confusion or rejection.

Adherence to these guidelines ensures that the filing of Form No. 7E is accurate and compliant with regulatory requirements. Attention to detail minimizes the risk of errors and facilitates the efficient notification of charge modifications to the Registrar of Companies.

Frequently asked questions

What is Form No. 7E under the Companies Act, 1956?→

Form No. 7E is an intimation form used by companies to notify their members about the registration of charges under Section 125(1) of the Companies Act, 1956, ensuring legal compliance in India.

Is Form No. 7E legally valid for use in India today?→

Form No. 7E applies to the Companies Act, 1956, largely replaced by the 2013 Act. Verify with MCA guidelines for ongoing validity in India.

Does Form No. 7E require stamp duty in India?→

No, Form No. 7E as an intimation to members does not require stamp duty. It is not a contractual document under Indian stamp laws.

In what format can I download Form No. 7E?→

Form No. 7E is available for free download in editable Word or PDF format from official sources or legal template sites.

Can I customize or edit Form No. 7E?→

Yes, download the Word version of Form No. 7E to customize it with your company's details while maintaining legal accuracy for India.

When and who should use Form No. 7E?→

Companies under the Companies Act, 1956, must use Form No. 7E within 30 days of charge registration to inform members, as per ROC requirements in India.