Sample Board Resolution To Transfer Shares
Description
How to fill out Change Amount Of Authorized Shares - Resolution Form - Corporate Resolutions?
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FAQ
A Directors' Resolution Approving Transfer of Shares is a formal document that outlines the decision of a company's board of directors to approve the transfer of shares from one shareholder to another.
7 Steps for Writing a Resolution Put the date and resolution number at the top. ... Give the resolution a title that relates to the decision. ... Use formal language. ... Continue writing out each critical statement. ... Wrap up the heart of the resolution in the last statement.
For the transfer of shares, directors may be prohibited from authorising transfers without the permission of current members. When a director is powerless to authorise the transfer of shares, the members must pass a resolution to either allow for such authorisation or permit the transfer of shares on that occasion.
SH-4 should be Duly stamped. Dated. Specifying the Name, Fatehr Name, Address and Occupation, if any, of the transferee & Transferor. Folio No. ... Distinctive No, Certificate No. ... of Share Transfer. Nominal Value of Shares, Consideration Received. Executed by or on behalf of the transferor and the transferee and '
The transfer must then be approved by the board of directors either at a meeting or by way of a board resolution. For some companies, the existing shareholders may also need to pass a special resolution to waive their right to pre-emption on the transfer of shares.