Share Transfer Form

Posted by Norts1985 PM | on Mon, 17/05/2010 - 10:10  595  1 comment | report

Hi there

 

I need to transfer x shares between father and son in a limited company, how do I go about doing this?

 

I assumed it was SH01 form, but there is nowhere to disclose who is acquiring the shares and who is selling them?

 

The reason for this transfer is so that the son can obtain a mortgage, and by increasing his shareholding allows him to become accepted.  The bank will therefore need proof, how should I go about getting this proof?

 

Thank you in advance for any replies.

 

David

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mookgirluk's picture

J10/J30 Transfer Form

mookgirluk | Mon, 17/05/2010 - 10:21 | Permalink

Form SH01 is only used when the company issues new shares.  For a transfer of shares you will need a stock transfer form.  If the shares being transferred are fully paid up then use form J30.  If the shares are either nil or partly paid up then use form J10.

These forms can be found at http://www.formsontheweb.co.uk/

Once the transfer form has been completed & signed (and if necessary stamp duty paid) the transfer will need to be approved by the board of directors and then entered in the company's Register of Members.

Ultimately it's the Register of Members that is definitive evidence of shareholding, but you can also support this with the stock transfer form and directors resolution/meeting minute.

Details of the transfer will not be submitted to Companies House until the company next files an Annual Return.

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