Share Transfer

Can you explain what a share transfer is and how it works?

Share transfers happen when a shareholder or member of a company transfers their shares to another shareholder, member, or a new person who wishes to buy them. It can be a way to sell or buy a company, or to change the ownership of shares among shareholders. Here are some important points to remember about share transfers:

Before the transfer of shares can take place, the directors of the company must approve the form of the instrument used to transfer the shares in writing.
The share transfer instrument should be executed on behalf of the transferor. However, if the shares being transferred are not paid for in full, the instrument will then be completed on behalf of both the transferor and the transferee.
It is crucial that the instrument is executed correctly and delivered to the company in order for the transfer to be valid.
A share transfer form must be filed with the Revenue Commissioners.
The transfer of shares will be included in the annual return filed by the company following the transfer, so there is no need to notify the Companies Registration Office separately.

At Abbey Blue Formations, we understand that share transfers can be complicated and time-consuming. That’s why we offer professional assistance to ensure that the transfer process goes smoothly. Whether you’re transferring shares to sell your company, or simply looking to change the ownership of shares among shareholders, we can guide you through the process and ensure that all the necessary requirements are met.

What is meant by Allotment of Shares and What are the Relevant Rules?

When a company wants to issue new shares, it needs to comply with certain legal requirements. Here are some key points to keep in mind:

Issuing new shares can be beneficial for raising funds, bringing in new investors, or restructuring the company’s ownership structure.
The number of additional shares issued during the allotment must not exceed the amount of unissued authorized capital.
Directors of the company must ensure that the allotment of shares is carried out in accordance with the company’s Memorandum and Articles of Association.
The Companies Registration Office (CRO) must be notified of any allotment of shares by submitting the Form B5 within one month of the allotment date.
Failure to comply with these legal requirements may result in penalties and fines.

It’s important to ensure that your company follows these regulations to avoid any legal issues or delays in the allotment process. If you’re unsure about the process or need help, it’s a good idea to consult with a professional who can guide you through the process and ensure compliance with the law.

How can Abbey Blue Formations help?

At Abbey Blue Formations, we understand that share transfers or allotment of shares can be quite complicated. We’re here to make things easier for you. Our team of professionals can provide you with expert advice and assist you in executing the share allotment/transfer process in a way that meets all statutory requirements.

We offer a comprehensive package for handling Share Transfer / Allotment of shares for your company, priced at only €250.00. Our package ensures that all the necessary legal requirements are met and all provisions of the law relevant to share transfer/allotment of shares are complied with.

Here are some of the benefits of our package:

Expert advice from our team of professionals
Assistance with executing the share transfer/allotment process
Complete compliance with all statutory requirements
Peace of mind knowing that your company is in good hands

We understand that running a business involves numerous challenges and demands, which is why we strive to make the process of share transfers and allotments as easy and hassle-free as possible for our clients. Our team of experts is equipped with the necessary knowledge and experience to guide you through the process and ensure that all necessary requirements are met.

When it comes to sharing transfers or allotments, it is important to comply with the relevant legal provisions in order to avoid any legal complications or penalties. Some of the key requirements that need to be met include:

The directors of the company should exercise the allotment of shares in accordance with the company’s Memorandum and Articles of Association.
The additional shares issued under the allotment should not exceed the amount of any unissued authorised capital.
Any allotment of shares must be notified to the CRO using Form B5 within one month from the date of allotment.

By choosing our Share Transfer / Allotment package, you can rest assured that all these requirements will be taken care of in an efficient and professional manner. Our team will handle all the necessary paperwork and filings on your behalf, leaving you with more time and energy to focus on running your business.

So, whether you are looking to bring in new investors, reorganise your company’s structure, or convert a loan to equity, we are here to help. Contact us today to learn more about our Share Transfer / Allotment package and how we can assist you with your business needs.

€250.00

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