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Resolution For Transfer Of Shares
"I need a Resolution For Transfer of Shares to document the transfer of 10,000 ordinary shares from our majority shareholder John Smith to existing minority shareholder Sarah Jones, scheduled for completion on March 15, 2025."
1. Title and Date: Clearly stating this is a resolution for transfer of shares and the date of the resolution
2. Company Details: Full legal name of the company, registered office address, and company registration number
3. Present at Meeting: List of directors, shareholders, or other authorized persons present at the meeting
4. Chairperson: Identification of the chairperson of the meeting
5. Notice and Quorum: Confirmation that proper notice was given and quorum requirements were met
6. Transfer Details: Specific details of the share transfer including number of shares, share class, transferor and transferee details
7. Consideration: Details of the consideration being paid for the shares
8. Resolution Text: The formal resolution text approving the transfer of shares
9. Authorization: Authorization for officers to execute necessary documents and take required actions
10. Closing: Formal closing of the resolution including signature blocks
1. Waiver of Pre-emption Rights: Required when existing shareholders have pre-emption rights that need to be waived
2. Board Approval: Required when board approval is specifically needed for the transfer under the company's constitution
3. Share Certificate Cancellation: Required when existing share certificates need to be cancelled and new ones issued
4. Conditions Precedent: Required when the transfer is subject to certain conditions being met
5. Tax Clearance: Required when specific tax clearances need to be confirmed
6. Related Party Transaction: Required when the transfer is between related parties and needs specific disclosure
1. Schedule 1 - Share Transfer Form: The official share transfer form to be executed by the parties
2. Schedule 2 - Share Certificate: Copy of the existing share certificate(s) to be transferred
3. Schedule 3 - Register of Members Extract: Current extract from the register of members showing the shareholding to be transferred
4. Appendix A - Board Minutes: Minutes of the board meeting approving the transfer (if applicable)
5. Appendix B - Shareholder Consents: Written consents from other shareholders if required under the company's constitution
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