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Share Transfer Form Private Company

Share Transfer Form Private Company Template for United Arab Emirates

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Key Requirements PROMPT example:

Share Transfer Form Private Company

"I need a Share Transfer Form Private Company for transferring 1,000 ordinary shares in my Dubai-based technology company to a new investor, with completion scheduled for March 15, 2025, including provisions for board approval and regulatory clearance from the DED."

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Document background
The Share Transfer Form Private Company is a crucial document used in the United Arab Emirates when transferring ownership of shares between parties in a private company. It must comply with UAE Federal Decree-Law No. 32 of 2021 and other relevant regulations, including specific requirements from the Department of Economic Development or relevant free zone authorities. This document is essential when shareholders wish to sell, transfer, or gift their shares to another party, and includes detailed information about the transferor, transferee, the shares being transferred, and the consideration paid. The form serves as official evidence of the transfer and may require notarization, board approval, and in some cases, regulatory clearance depending on the industry sector and transfer value. It's particularly important to ensure all local UAE compliance requirements are met, including proper witnessing and execution procedures.
Suggested Sections

1. Details of Transferor: Full legal name, Emirates ID/Passport number, and contact details of the party selling/transferring the shares

2. Details of Transferee: Full legal name, Emirates ID/Passport number, and contact details of the party purchasing/receiving the shares

3. Company Details: Full legal name of the company, registration number, registered office address

4. Share Transfer Details: Number and class of shares being transferred, share certificate numbers, nominal value

5. Consideration: Amount being paid for the shares and payment terms

6. Declarations and Warranties: Statements by transferor regarding ownership and right to transfer shares

7. Execution Block: Signature sections for transferor and transferee, with space for witnesses and notary authentication

Optional Sections

1. Board Approval: Required when company's articles mandate board approval for share transfers

2. Spousal Consent: Required when shares are considered matrimonial property under applicable law

3. Pre-emption Rights Waiver: Required when other shareholders have pre-emptive rights that need to be waived

4. Tax Declarations: Required for certain types of transfers where tax implications need to be addressed

5. Power of Attorney: Required when transfer is being executed by an authorized representative

6. Regulatory Approval: Required for regulated industries or when transfer exceeds certain thresholds

Suggested Schedules

1. Share Certificate: Copy of original share certificate(s) being transferred

2. Board Resolution: Copy of board resolution approving the transfer (if required)

3. Company Registration Documents: Copies of company's trade license and registration certificate

4. Proof of Payment: Evidence of consideration payment for the shares

5. Due Diligence Documents: Supporting documents verifying share ownership and absence of encumbrances

6. Regulatory Approvals: Copies of any required regulatory or government approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




























Clauses




















Relevant Industries

Financial Services

Real Estate

Technology

Manufacturing

Trading

Professional Services

Healthcare

Education

Construction

Retail

Hospitality

Logistics

Media and Entertainment

Energy

Telecommunications

Relevant Teams

Legal

Corporate Secretariat

Finance

Compliance

Corporate Governance

Risk Management

Executive Leadership

Investment

Shareholder Relations

Due Diligence

Relevant Roles

Chief Executive Officer

Company Secretary

Legal Counsel

Corporate Lawyer

Chief Financial Officer

Finance Director

Compliance Officer

Board Director

Managing Director

Shareholder Relations Manager

Investment Manager

Corporate Governance Officer

Due Diligence Officer

Risk Manager

General Counsel

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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