{"id":56504,"date":"2021-06-10T12:49:14","date_gmt":"2021-06-10T04:49:14","guid":{"rendered":"https:\/\/zegal.com\/selling-shares\/"},"modified":"2025-01-22T12:41:40","modified_gmt":"2025-01-22T04:41:40","slug":"selling-shares","status":"publish","type":"page","link":"https:\/\/zegal.com\/en-sg\/use-case\/selling-shares\/","title":{"rendered":"Sell Shares in Your Company"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zegal.com\/en-sg\/use-case\/selling-shares\/#What_are_the_steps\" >What are the steps?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zegal.com\/en-sg\/use-case\/selling-shares\/#Step_1_Consult_your_Shareholders_Agreement_if_you_have_one_and_Articles_of_Association\" >Step 1.&nbsp;Consult your&nbsp;Shareholder\u2019s&nbsp;Agreement&nbsp;(if you have one) and Articles of Association.&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zegal.com\/en-sg\/use-case\/selling-shares\/#Step_2_Give_Notice_of_a_Special_Meeting_of_the_Directors\" >Step 2.&nbsp;Give&nbsp;Notice of a Special Meeting of the Directors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zegal.com\/en-sg\/use-case\/selling-shares\/#Step_3_Issue_Notice_of_Extraordinary_General_Meeting_of_Shareholders\" >Step 3.&nbsp;Issue&nbsp;Notice of Extraordinary General Meeting of Shareholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zegal.com\/en-sg\/use-case\/selling-shares\/#Step_4_Draft_Share_Sale_Agreement\" >Step 4.&nbsp;Draft&nbsp;Share Sale Agreement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zegal.com\/en-sg\/use-case\/selling-shares\/#Step_5_Prepare_Instrument_of_Transfer\" >Step 5.&nbsp;Prepare&nbsp;Instrument of Transfer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zegal.com\/en-sg\/use-case\/selling-shares\/#Step_6_Create_Contract_Notes\" >Step 6.&nbsp;Create&nbsp;Contract Notes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/zegal.com\/en-sg\/use-case\/selling-shares\/#Step_7_Create_Share_Certificate\" >Step 7.&nbsp;&nbsp;Create&nbsp;Share Certificate<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p>There are a number of documents you\u2019ll need to sign your way through in order to sell shares in your company. But with our easy step-by-step guide, it doesn\u2019t have to be difficult.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"2552\" height=\"1916\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2021\/06\/Sell-sharaes-in-company.svg\" alt=\"\" class=\"wp-image-55139\" style=\"width:1122px;height:842px\"\/><\/figure>\n\n\n\n\t<section class=\"call-to-action-buttons\">\n\t\t<div class=\"zegal-container\">\n\t\t\t\t\t\t\t\t\n\t\t\t\t<div class=\"cta-buttons\">\n\n\n\t\t\t\t\t<div class=\"cta-buttons-title-button cta-btn-layout-two\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<h5>Need to draft one now?<\/h5>\n\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"cta-btn-link cta-btn-link-1\" href=\"#register\" >\n\t\t\t\t\t\t\t\tGet started now with our 7 day free trial\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\n\t\t<\/div>\n\t<\/section>\n\n\t\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-steps\"><span class=\"ez-toc-section\" id=\"What_are_the_steps\"><\/span>What are the steps?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-step-1-consult-your-shareholder-s-agreement-if-you-have-one-and-articles-of-association\"><span class=\"ez-toc-section\" id=\"Step_1_Consult_your_Shareholders_Agreement_if_you_have_one_and_Articles_of_Association\"><\/span>Step 1.&nbsp;Consult your&nbsp;Shareholder\u2019s&nbsp;Agreement&nbsp;(if you have one) and Articles of Association.&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>These documents will set out the process for your specific company and if there are any first refusal clauses you need to prepare for when you sell shares in your company.<\/p>\n\n\n\n<div class=\"wp-block-buttons doc-button is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/zegal.com\/en-sg\/shareholders-agreement\/\" target=\"_blank\" rel=\"noreferrer noopener\">Shareholder&#8217;s Agreement<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-step-2-give-notice-of-a-special-meeting-of-the-directors\"><span class=\"ez-toc-section\" id=\"Step_2_Give_Notice_of_a_Special_Meeting_of_the_Directors\"><\/span>Step 2.&nbsp;Give&nbsp;Notice of a Special Meeting of the Directors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This notice is given to the board of directors of a company to inform them of a special meeting. Which, in this case, is to sell your shares in the business.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button doc-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/zegal.com\/en-sg\/notice-of-a-special-meeting-of-the-directors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Notice of a Special Meeting of the Directors<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-step-3-issue-notice-of-extraordinary-general-meeting-of-shareholders\"><span class=\"ez-toc-section\" id=\"Step_3_Issue_Notice_of_Extraordinary_General_Meeting_of_Shareholders\"><\/span>Step 3.&nbsp;Issue&nbsp;Notice of Extraordinary General Meeting of Shareholders<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This is a formal notice to convene the shareholders of the company.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button doc-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/zegal.com\/notice-general-meeting\/\" target=\"_blank\" rel=\"noreferrer noopener\">Notice of General Meeting<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-step-4-draft-share-sale-agreement\"><span class=\"ez-toc-section\" id=\"Step_4_Draft_Share_Sale_Agreement\"><\/span>Step 4.&nbsp;Draft&nbsp;Share Sale Agreement<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This is the legal contract used for either the sale and purchase of shares in a company.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button doc-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/zegal.com\/en-sg\/share-purchase-agreement\/\" target=\"_blank\" rel=\"noreferrer noopener\">Share Purchase Agreement<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-step-5-prepare-instrument-of-transfer\"><span class=\"ez-toc-section\" id=\"Step_5_Prepare_Instrument_of_Transfer\"><\/span>Step 5.&nbsp;Prepare&nbsp;Instrument of Transfer<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This document is also necessary for transferring the legal title of the shares.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button doc-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/zegal.com\/en-sg\/instrument-of-transfer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instrument of Transfer<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-step-6-create-contract-notes\"><span class=\"ez-toc-section\" id=\"Step_6_Create_Contract_Notes\"><\/span>Step 6.&nbsp;Create&nbsp;Contract Notes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Additionally, you will need contract notes comprising of a bought note and a sold note in order to transfer the beneficial title of shares.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button doc-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/zegal.com\/en-sg\/contract-notes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Contract Notes<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-step-7-create-share-certificate\"><span class=\"ez-toc-section\" id=\"Step_7_Create_Share_Certificate\"><\/span>Step 7.&nbsp;&nbsp;Create&nbsp;Share Certificate<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This document evidences the buyer\u2019s title for holding the respective company shares.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button doc-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/zegal.com\/en-sg\/share-certificate\/\" target=\"_blank\" rel=\"noreferrer noopener\">Share Certificate<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There are a number of documents you\u2019ll need to sign your way through in order to sell shares in your company. But with our easy step-by-step guide, it doesn\u2019t have to be difficult. What are the steps? Step 1.&nbsp;Consult your&nbsp;Shareholder\u2019s&nbsp;Agreement&nbsp;(if you have one) and Articles of Association.&nbsp; These documents will set out the process for [&hellip;]<\/p>\n","protected":false},"author":174,"featured_media":0,"parent":55265,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":[14138],"meta":{"_acf_changed":true,"_editorskit_title_hidden":false,"_editorskit_reading_time":1,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","inline_featured_image":false,"footnotes":""},"usecases":[],"class_list":["post-56504","page","type-page","status-publish","hentry","template-company-shares"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sell Shares in Your Company | Zegal Singapore<\/title>\n<meta name=\"description\" content=\"There are a number of documents you\u2019ll need to sign your way through in order to sell shares in your company. 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