Document background
The Stock Transfer Certificate is a crucial document in Nigerian corporate practice, used whenever shares in a company need to be legally transferred between parties. This document is required under the Companies and Allied Matters Act (CAMA) 2020 and must be properly executed to effectively transfer share ownership. It serves as evidence of the transfer transaction and forms part of the company's statutory records. The certificate must contain specific information including the parties' details, share specifications, and consideration paid. It requires proper stamping under the Stamp Duties Act and may need to be accompanied by board resolutions or other corporate approvals. The document is particularly important for maintaining accurate shareholder records and ensuring compliance with Nigerian corporate law requirements.
