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Procedure to transfer a pte ltd share to someone

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tth1311
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Procedure to transfer a pte ltd share to someone

Postby tth1311 » Sat, 20 Sep 2008 12:03 pm

if a share holder or owner of a pte ltd company want to transfer a certain % of share to another person, what the legal procedure to effect the transfer?
another question, how to determine the "price" of the share corresponding to the % of the share transfered or the selling price of the amount of share to you? say 20% out from the owner of a company to you?

Winxkid
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Postby Winxkid » Sun, 21 Sep 2008 12:36 am

Notice of Resolution with minimum 2-directors' signature
File Your notice of Resolution for Transfer of shares to Bizfile.gov.sg
Afterwhich, at bizfile.gov.sg, click on Transfer of Shares and update accordingly.

Alternatively, if You are lost, You can always give them a ring (65) 6248 6028

Peak hours to avoid are 10am to 12pm and 2pm to 4pm
petsgdirectory.blogspot.com

Winxkid
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Re: Procedure to transfer a pte ltd share to someone

Postby Winxkid » Sun, 21 Sep 2008 12:55 am

tth1311 wrote:if a share holder or owner of a pte ltd company want to transfer a certain % of share to another person, what the legal procedure to effect the transfer?
another question, how to determine the "price" of the share corresponding to the % of the share transfered or the selling price of the amount of share to you? say 20% out from the owner of a company to you?


Price
Amount of investment = number of shares

Inside bizfile, minimum input of shares is nominal of 1 and there's no limit to how many shares a company is allow to input.

So, for example:
3 directors in a company; named A;B;C
A invested $50,000, B invested $30,000 and C invested $20,000
During the process of registering,
If You choose $1 as the price per share
$100,000 = 100,000 shares logically. And hence, A gets 50%, B gets 30% and C gets 20%.

However, there's company law did not state how these shares is to be distributed.
petsgdirectory.blogspot.com

yoongf
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Location: Dunearn/Chancery

Postby yoongf » Sun, 21 Sep 2008 10:57 am

Need to factor in Stamp Duty as well..

http://www.iras.gov.sg/irasHome/page03.aspx?id=2102#t1


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