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Procedures for transferring shares is a process that helps shareholders transfer ownership of shares to others, creating flexible conditions in adjusting ownership structure and raising capital. This process not only ensures legal rights for all parties but also helps the company maintain stability and enhance its ability to develop and expand its scale. The article below will provide specific information about the process of transferring shares in a joint stock company.
First, transfer common shares
Pursuant to Clause 3, Article 120 of the Law on Enterprise 2020, conditions for transferring common shares include:
Second, transfer of voting shares
Pursuant to Clause 3, Article 116 of the Law on Enterprises 2020, it is stipulated that voting preference shares cannot be transferred to others, except in cases of transfer under a legally effective Court judgment or decision or inheritance.
Thus, shares are freely transferable but will be limited in one of the two cases above.
According to the provisions of the Law on Enterprises 2020, procedures for transferring shares of joint stock companies are carried out as follows:
Step 1: Prepare documents
Share transfer documents include the following documents:
Step 2: The General Meeting of Shareholders holds a meeting to make a decision on the transfer of shares.
Step 3: The parties sign and implement the share transfer contract.
Step 4: The parties proceed to pay the share transfer contract.
Step 5: The company makes changes to shareholder information in its shareholder register.
The transfer of shares is done through contracts or transactions on the stock market. After transferring shares, the individual or organization receiving the transfer will become a shareholder of the company from the moment their information is fully recorded in the shareholder register.
Legal basis: Clause 2 and Clause 6, Article 127 of the Law on Enterprises 2020.
At Long Phan, we provide consulting services and guidance on transferring shares in professional joint stock companies, helping you carry out procedures quickly, accurately and legally. Below are some outstanding services we provide:
Understanding the procedures and regulations and ensuring proper implementation of the steps for transferring shares in a joint stock company will help you avoid unnecessary risks, while creating opportunities for sustainable business expansion and development. With a team of experienced experts in the field of business consulting, Long Phan is committed to providing you with a quick and transparent share transfer service. Please contact us immediately via the hotline: 0906735386 for detailed advice and timely support in all procedures for transferring your shares.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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