Whenever parties enter into an agreement for the sale and purchase of shares in a proprietary or unlisted company, whether for a minority holding or for the company’s entire issued share capital, completion of the transaction will involve a transfer of the relevant shares.
Several steps are required to legally transfer shares from the transferor to the transferee. It is important that these steps be completed correctly to ensure that the transfer of legal title to the shares is effective.
This Practical Law Australia Corporate Transactions toolkit provides a collection of practical know-how resources that explain the share transfer process and help lawyers to ensure that they fulfil the relevant legal and process requirements.
This toolkit contains:
- Practice note: Transfer of shares
- Checklist: Approving and registering a transfer of shares
- Standard document: Board minutes: transfer of shares
