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Enumerate the sequence of events to be followed by a shareholder who intends to transfer his shares to another person.

      

Enumerate the sequence of events to be followed by a shareholder who intends to
transfer his shares to another person.

  

Answers


Martin
- The transferor and transferee enter into a legally binding agreement to sell and buy the shares.

- The transferor completes the instrument of transfer by entering all the particulars and signing the same.

-The transferor signs the relevant part of the document.

-In the case of a partial transfer of shares certification of the instrument of transfer by the company is necessary.

- Stamp duty on the transfer must be paid.

-The instrument of transfer and the share certificate must be lodged with the company for registration of the transfer.

- On registration of the transfer the share certificate is cancelled and another issued in the name of the transferee.

marto answered the question on February 7, 2019 at 08:00


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