Overview of an Instrument of Transfer
Importantly, an Instrument of Transfer is a document necessary for transferring the legal title of the shares.
Also, it is important to check stamping requirements and procedures under the relevant jurisdiction relating to an Instrument of Transfer.
Sometimes, stamping procedures may require an Instrument of Transfer to be executed offline (i.e. e-signature is not accepted).
What is in an Instrument of Transfer?
Parties Involved. Make sure that the identity (name and address) of the transferor and transferee are clearly stated. The subject company for the shares must also be listed.
Shares Transferred. The details of the shares being transferred must be included, including the number of shares and purchase price.
Conclusion on Instrument of Transfer
To sum up, make sure to check the company ordinance to determine whether stamping requirements are necessary. In some jurisdictions, the execution must be offline.
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Along with this document, make sure you see these other templates in our library:
- Shareholder Agreement
- Option Agreement
- Employee Option Repurchase Agreement
- Share Appreciation Rights Plan
- Share Option Plan
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