How to transfer my shares?

How to transfer my shares?

An existing shareholder may transfer his/her shares to an existing shareholder or a new shareholder (subject to regulations in the company’s Constitution).

The transferor and transferee will have to sign an instrument of transfer specifying the number of shares to be transferred and the consideration for the transfer of shares.

The transferor will need to surrender his/her share certificates for cancellation and Stamp duty has to be paid to IRAS for the transfer of shares before the transfer of shares can be filed with ACRA.

Detailed steps to transfer shares

  1. Company will need to provide the following information and documents to Sleek:
    1. Details of proposed transfer (i.e. details of Transferor/Transferee, Consideration for transfer, amount of shares transferred)
    2. Existing instrument of transfer (if any)
    3. Existing share certificates
    4. KYC documents of the new shareholders
      Please note that we will send an email invitation to the new shareholder for him to upload his KYC documents on our platform.

      Therefore we will require the salutation, full name, email address and phone number (with country code) of the new shareholder.
  2. Our team will prepare and send the following documents for signature. The documents will have to be signed through SleekSign. You may refer to this article on how to SleekSign a document.

General list of Documents (documents may vary depending on company):

  • Instrument of Transfer (to be signed by transferor and transferee)
  • Directors’ resolutions to approve share transfer and to authorise the cancellation/issuance of share certificates (to be signed by directors)
  • Letter(s) of waiver of pre-emption (If applicable) (to be signed by respective members)
  1. Sleek team will file the Stamp Duty with IRAS within 14 days from the date of instrument of transfer. (Note: Stamp duty amount has to be provided to Sleek before Stamp Duty may be filed with IRAS)
  2. Sleek team will file the Transfer of Shares with ACRA. (Note: All KYC documents have to be provided to Sleek prior to the filing.)
  3. Our team will assist in cancellation of old share certificates and issuance of new Share Certificates to Shareholders and updating of relevant registers.

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