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Company Share Transfer Form Template for Philippines

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Key Requirements PROMPT example:

Company Share Transfer Form

"I need a Company Share Transfer Form for transferring 5,000 common shares from individual shareholder Maria Santos to ABC Corporation, with the transfer to be completed by March 15, 2025, including provisions for payment in three installments."

Document background
The Company Share Transfer Form is a crucial legal document used in Philippine corporate transactions to facilitate and document the transfer of company shares between parties. This document is essential when shareholders wish to sell, transfer, or dispose of their shareholdings in a Philippine corporation. It must comply with the Revised Corporation Code of the Philippines, Securities Regulation Code, and relevant tax regulations. The form captures essential information including the identities of the transferor and transferee, share details, consideration amount, and required declarations. It serves as official evidence of the transfer and is necessary for updating the company's stock and transfer book, filing with relevant government agencies, and maintaining proper corporate records. The document's format and content are designed to meet specific Philippine legal requirements, including notarization and spousal consent where applicable.
Suggested Sections

1. Parties: Details of the Transferor (seller) and Transferee (buyer), including full legal names, addresses, and tax identification numbers

2. Background: Brief context about the company whose shares are being transferred and the reason for transfer

3. Definitions: Key terms used in the document including 'Shares', 'Transfer Date', 'Consideration', etc.

4. Details of Shares: Specific information about the shares being transferred including class, number, and certificate numbers

5. Consideration: The amount and form of payment for the shares

6. Transfer Declaration: Formal statement of transfer and acknowledgment of rights and obligations

7. Representations and Warranties: Standard declarations by the transferor regarding ownership, authority to sell, and absence of encumbrances

8. Execution: Signature blocks for transferor, transferee, and witnesses

9. Notarial: Space for notarial acknowledgment as required by Philippine law

Optional Sections

1. Spousal Consent: Required if the transferor is married and the shares are considered conjugal property

2. Board Approval: Required if the company's articles of incorporation or by-laws require board approval for share transfers

3. Right of First Refusal Waiver: Required if other shareholders have pre-emptive rights that need to be waived

4. Tax Declarations: Additional section for declaring capital gains tax obligations and documentary stamp tax

5. Payment Terms: Required if the payment is not made in full at the time of transfer

6. Corporate Authority: Required if either party is a corporation, including board resolutions authorizing the transfer

Suggested Schedules

1. Schedule 1: Share Certificate Details: Copy of existing share certificates and details of new certificates to be issued

2. Schedule 2: Corporate Documents: Relevant corporate documents including board resolutions, secretary's certificates

3. Schedule 3: Tax Clearances: Copies of tax clearances and documentary stamp tax payments

4. Appendix A: Transfer Instruments: Stock certificates endorsement forms and other transfer instruments

5. Appendix B: Regulatory Approvals: Copies of any required regulatory approvals or waivers

6. Appendix C: Payment Records: Evidence of payment and fund transfer documentation

Authors

Alex Denne

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

Relevant legal definitions































Clauses




















Relevant Industries

Financial Services

Professional Services

Manufacturing

Technology

Real Estate

Retail

Healthcare

Energy

Transportation

Agriculture

Mining

Construction

Telecommunications

Education

Tourism

Relevant Teams

Legal

Finance

Compliance

Corporate Secretarial

Tax

Investment

Corporate Governance

Administrative

Treasury

Executive Leadership

Relevant Roles

Corporate Secretary

Legal Counsel

Compliance Officer

Chief Financial Officer

Company Director

Corporate Lawyer

Financial Controller

Investment Manager

Stock Transfer Agent

Company Registrar

Tax Manager

Corporate Governance Officer

Managing Director

Chief Executive Officer

Business Development Manager

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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