CHANGE OF SHAREHOLDERS
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CHANGE OF SHAREHOLDERS
Shareholder is an individual or corporation who invest by buying share from a company, they are the owner of a company. Unlike sole proprietorships, shareholders in a limited company are not personally liable for the company’s debts and other obligations. Shareholder may not be the
Every shareholders of a limited have to right to transfer their ownership to anyone they like unless the company's articles of association contains any restrictions on the actions. Generally, shareholders can transfer their shares to new or existing shareholders by providing a written notice of the intended sales to the directors of the company for approval. The directors should review the provisions concerning share transfers as contained in the company's articles of association and hold a broad meeting to pass the resolution if the share transfers is fulfilled all pre-emption right and be approved. To proceed the transfer shares, you will need to provide the following information:
Transfer of shares from one party to another is regarded as a sale and purchase and chargeable to stamp duty.
If you need further advise about how to transfer shares, talk to our consultant to get a free consultation, or to arrange a meeting, please call us at +852 2153 6500 or email us at [email protected].
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