Transfer Shares in Limited Company

[mconigol]

Hi, I want to transfer shares in a limited company to a family member.

I found the below steps online of what I need to so however I'm concerned if other shareholders in the company can block or delay this?

We don't have a shareholders agreement and out articles of association are the basic template (i.e. no special provisions).

• Completion of share transfer forms
• Completion of Revenue Commissioners form SD4
• Changes to be recorded in the Company's Minute Book
• Changes to be recorded in the Register of Transfers
• Changes to be recorded in the Register of Members
• Cancellation of old share certificates
• Issue of new Certificates under the Company Seal and signed by a director and company secretary
• Check the articles of association to ensure there are no restrictions on the transfer or issue of shares
• Should any restrictions be in place a special resolution will need to be passed and filed at the Companies Registration Office
• Presentation of the share transfer(s) to the Revenue Commissioners for stamping

 

[Brendan Burgess]

You should really use one of the company secretarial specialists to do all this for you.

They don't charge much and they will make sure it's done correctly.

You could use your auditor or your solicitor but they will probably just farm it out to a specialist anyway and charge you a margin on top.

Brendan