Share Transfer Process:

1. Agreement: The transferor (seller) and transferee (buyer) reach an agreement on the transfer of shares, including the price and terms of the transfer.
2. Execution of Transfer Deed or Form: Both parties complete and sign the share transfer deed or form, which legally transfers the ownership of shares from the transferor to the transferee.
3. Board Approval (if required): If the company’s articles of association or shareholders’ agreement require board approval for share transfers, the board of directors approves the transfer.
4. Stamp Duty Payment (if applicable): Depending on the jurisdiction, stamp duty may be payable on the transfer of shares. The necessary stamp duty is paid, and the relevant documents are stamped accordingly.
5. Submission of Documents: The completed share transfer deed or form, along with any required supporting documents such as the original share certificate(s) and identification documents, are submitted to the company or its registrar.
6. Verification and Registration: The company or its registrar verifies the documents and updates its share register to reflect the transfer of shares. The transferee becomes the new owner of the shares, and the transferor’s ownership rights are extinguished.

Transmission of Shares Process:

1. Notification: The legal representative of the deceased shareholder or the relevant authority notifies the company of the shareholder’s death or status change.
2. Probate or Letters of Administration (if applicable): If the deceased shareholder left a will, the probate (if applicable) or letters of administration issued by the court appointing an executor or administrator may need to be provided.
3. Transmission Application: The legal heirs or beneficiaries claiming ownership of the transmitted shares complete and submit a transmission application form provided by the company or its registrar.
4. Submission of Documents: The completed transmission application form, along with supporting documents such as the death certificate, probate or letters of administration, and identification documents of the legal heirs or beneficiaries, are submitted to the company or its registrar.
5. Verification and Registration: The company or its registrar verifies the documents and updates its share register to reflect the transmission of shares to the legal heirs or beneficiaries. The legal heirs or beneficiaries become the new owners of the shares, in accordance with applicable laws and regulations.
6. Distribution of Shares (if applicable): If the transmitted shares are distributed among multiple legal heirs or beneficiaries, the company may issue new share certificates or update electronic records accordingly.