The tenure of private limited company is indomitable by the shareholding of the organization. To initiate new investors or transfer ownership of the company, the share of the private limited company must have to be transferred. In Companies Act 1956 transfer of share is managed by Section 108. According to the 108 registration of transfer of shares is only achievable if a right and perfect transfer action in Form 7B properly stamped and implemented by or just on behalf of the transferor and even, through or on behalf of the transferee and particular the name, address and profession, if any of the transferee is conveyed to the company with the entire share certificate.
Kindly remember where hare certificate is not in continuation, then you need to add letter of share with of the share transfer act.