share transfer

share transfer

Didn't find your answer?

I had 100 shares in a company as company secretary and my partner had 600 shares as Director.
I have recently discovered that according to the company returns recorded in companies house that my 100 shares have been transferred to my partner without my approval.
 
Is this correct and how can I get a copy of the share transfer form to see if it was signed and by whom ?

Replies (1)

Please login or register to join the discussion.

Euan's picture
By Euan MacLennan
16th Nov 2012 10:25

No transfer without approval

Assuming that you have not given a power of attorney to your partner, only you can sign a valid stock transfer.  Normally, a company secretary would be responsible for receiving a stock transfer, accompanied by the old share certificate, and if the transfer is valid, cancelling the old certificate and issuing a new one.  Does your partner have share certificate(s) for 700 shares?

If not, it may just be a mistake.  As you obviously did not file the Annual Return at Companies House, who did?

A company is required by s.113 Companies Act 2006 to keep a register of members (shareholders).  If push comes to shove, you have the right (set out in the following sections of the Act) to inspect the register.  The law (outlined above) on the transfer of shares is set out in s.770 and subsequent sections.

Thanks (1)