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Share Transfer Deed Form

Share Transfer Deed Form Template for Nigeria

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Key Requirements PROMPT example:

Share Transfer Deed Form

"I need a Share Transfer Deed Form to transfer 5,000 ordinary shares in my private Nigerian tech company to an individual investor, with the transfer to be completed by March 15, 2025, including standard warranties and consideration of ₦10 million."

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Document background
The Share Transfer Deed Form is a crucial legal instrument in Nigerian corporate practice, required whenever ownership of shares in a company changes hands. This document is essential for compliance with the Companies and Allied Matters Act (CAMA) 2020 and must be properly executed to ensure a valid transfer of shares. It contains detailed information about the transferor, transferee, the shares being transferred, and the consideration paid. The deed must be stamped at the Stamp Duties Office and registered with the Corporate Affairs Commission to be legally effective. It's commonly used in various scenarios including corporate restructuring, investment transactions, succession planning, and general share trading. The document provides legal protection for both parties and serves as official evidence of the change in share ownership.
Suggested Sections

1. Parties: Details of the Transferor (seller) and Transferee (buyer) including full names, addresses, and registration numbers for corporate entities

2. Background: Brief context about the share ownership and company whose shares are being transferred

3. Definitions: Key terms used in the deed including 'Company', 'Shares', 'Transfer Date', and other relevant definitions

4. Transfer Declaration: Formal declaration of the transfer of shares from Transferor to Transferee

5. Consideration: Details of the payment or other consideration for the transfer

6. Transferor's Warranties: Basic warranties regarding ownership, right to transfer, and absence of encumbrances

7. Completion Requirements: Steps required to complete the transfer including delivery of share certificates and filing requirements

8. Governing Law: Specification that the deed is governed by Nigerian law

9. Execution: Signature blocks for parties and witnesses as required by Nigerian law

Optional Sections

1. Additional Warranties: Extended warranties for complex transfers or where specifically requested by the Transferee

2. Board Approval: Where company's articles require board approval for share transfers

3. Pre-emption Rights Waiver: Where other shareholders have waived their pre-emption rights

4. Tax Indemnity: Specific tax-related provisions where tax liabilities may be significant

5. Spousal Consent: Required when transferor is married under certain Nigerian customary laws

6. Corporate Authorization: When either party is a corporate entity, including board resolutions authorizing the transfer

Suggested Schedules

1. Schedule 1 - Share Details: Detailed description of shares being transferred including class, number, and distinctive numbers

2. Schedule 2 - Company Details: Full details of the company whose shares are being transferred including registration number and registered office

3. Schedule 3 - Transfer Requirements: Checklist of regulatory requirements including CAC forms and stamp duty requirements

4. Appendix A - Board Resolution: Copy of board resolution approving the transfer (if applicable)

5. Appendix B - Share Certificate: Copy of existing share certificate(s) to be transferred

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Financial Services

Manufacturing

Technology

Real Estate

Oil and Gas

Healthcare

Retail

Agriculture

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Professional Services

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Relevant Teams

Legal

Corporate Secretariat

Finance

Compliance

Corporate Affairs

Risk Management

Investment

Board Secretariat

Corporate Governance

Mergers and Acquisitions

Relevant Roles

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Chief Financial Officer

Investment Manager

Corporate Affairs Manager

Board Director

Managing Director

Finance Director

Legal Director

Transaction Manager

Investment Banker

Business Development Executive

Risk Manager

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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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