Transfer of Shares - Company Formation - UK Registration Services

1. Rules on transfers of shares

Companies can not record share transfers until:

• A suitable transfer document has been presented to the company or
• The rights relating to the shares has been properly given in accordance with the law.

2. Methods of share transfer

Companies Articles of association normally specify that:

• The transfer should be evidenced in writing or other means as specified by the company's officers and
• In cases where the document pertains to two or more share classes and grants rights to five or more persons, the company's officers do not have to approve the transfer.

The entry of the person or persons in to the share records is the acid test of whom owns a certain share. Thus the name has to appear in the share register for the law to recognise that ownership is effective from.

• The signing date of the instrument of transfer;
• The date the company's officers met to approve and record the share transfer, or
• The date the stamp was placed on the share transfer documents stamped.

3. Private share transfers

The buying and selling process is as follows:

• The completion of the share transfer form
• The seller signs the share transfer documents
• The purchaser is sent the documents
• The purchaser send the document to the company
• The company's directors acknowledge the transfer
• The company records are alter to reflect the new ownership and issues the appropriate share certificate

1. Forming A Company Just Became Easier

2. Statutory Requirements For New Companies

• Issue and Allotment of Shares
• Transfer of Shares
• Dividends
• Company Meetings
• Company Notices
• Directors Meetings
• Single Member Companies

3. Non Profit Organisations

• Options for incorporated not-for-profit organisations
• Companies House Coding System
• Non s30 companies
• Royal Charter
• Charitable Companies

4. Company Directors and Secretaries

• An introduction to limited companies
• Role and duties of a company director
• Role and duties of a company secretary
• What you have to send to Companies House
• Quality of company documents
• Further information

5. Annual Returns

• Completing an annual return
• Completing the shuttle annual return Form 363s

6. Accounts and Accounting Reference Dates

• Accounting reference dates
• Preparing and filing accounts to Companies House
• What if the accounts are delivered late?
• Small and medium-sized companies accounts submission
• Very small company audit exemptions
• Audit exemptions and accounts to shareholders
• Audit exemption for dormant companies
• What happens if my company starts trading again?
• Partnership accounts

7. Company Auditors

• Appointment of auditors
• Dormant company audit exemption
• What and who are recognised supervisory bodies?
• Removal of auditors

8. Share Capital and Prospectuses

• Share capital
• What is issued capital?
• Non-cash payments?
• Are there different types of shares?
• Can class rights be amended?
• Redemption and purchase of own shares?
• Prospectuses and listing particulars

9. Late Filing Penalties

• Late filing penalties
• Late filing penalties need not be necessary
• Once a late filing penalty has been imposed
• Further information

10. The Costs and Benefits of Company Registration

• Company Formation Introduction
• Costs and benefits of limited liability
• Restrictions and costs of setting up a company I
• Restrictions and costs of setting up a company II
• Restrictions and costs of setting up a company III
• Restrictions and costs of setting up a company IV
• The registration of company names
• The company’s constitution and the ultra vires rule
• Summary and conclusions