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No. There is no requirement for the seller and buyer of shares to use a share purchase agreement in order to transfer shares. All that is required to transfer shares is a stock transfer form (also called a share transfer form) signed by the seller.
Companies House Does Not Need to Receive Your Stock Transfer Form. A stock transfer form does not need to be submitted to Companies House. However, a company director must update the company's statutory register of shareholders in order to record the details of the share transfer.
To fill out a stock certificate, you fill in the name of the shareholder, the name of the corporation, the number of shares represented by the certificate, the date, and possibly an identification number. There is also a space for a corporate officer to sign on behalf of the corporation and to affix the corporate seal.
How to complete a stock transfer form in 10 Steps 1 Consideration money.2 Full name of Undertaking.3 Full description of Security.4 Number or amount of Shares, Stock or other security.5 Name(s) and address of registered holder(s)6 Signature(s)7 Name(s) and address of person(s) receiving the shares.
The transfer process itself can take the form of a contract for transfer/purchase of business assets. In the case of money transfers, these can be done as a loan or by purchasing shares in the other company, or through dividend payments if shares in the transferor company are owned by the recipient company.