Company Law

What are the procedures and requirements of a private company to transfer the shares to another shareholder??

1 個解答

  • 1 十年前

    1. Hold board meeting to approve the transfer of share, and prepare board minutes.

    2. Prepare Instrument of transfer (IT), Bought and Sold Notes (B&S Notes) to be signed by the transferor and transferee.

    3. File the signed IT and B&S Notes to the IRD for stamping.

    4. Cancel the original share certificate, and issue a new share certificate to the new shareholder.

    5. Update the register of members of the company.

    Before doing the above things, you have to check the M&A of the company to see whether there's any transfer requirements, and also, make sure if there's any Declaration of Trust issued before.

    資料來源: my experience