Is valuation required for transfer of shares?
Valuation of equity shares is generally required for regulatory or financial reporting purposes for a business.
In valuation of shares, the underlying asset is the business and per share value is calculated to arrive at the final valuation..
How do I transfer my shares?
What needs to be on the stock transfer form?The company name and registration number.The number and class (type) of shares being transferred.The amount paid, or due to be paid, for the shares (if applicable)The details of any non-cash payments (if applicable)The name and address of the existing owner (transferor)More items…
How do you transfer shares in a listed company?
The signatures of the transferor and the transferee in the share/debentures transfer deed must be witnessed by a person giving his signature, name and address. Attach the relevant share or debenture certificate or allotment letter with the transfer deed and deliver the same to the company.
What are the documents required for share transfer?
A person who gives his signature, name and address as approval for transfer must see the transferor and the transferee sign the share/debentures transfer deed in person. The relevant share/debenture certificate or allotment letter with the transfer deed must be attached and sent to the company.
How do I change ownership of a company in Kenya?
Procedure for change of directors in KenyaObtain consent from the person appointed to be director.Obtain Residential address of the new director and file CR8.Obtain PIN, National ID and passport photograph for the new director.File CR 6.
How long does it take to transfer shares?
This can vary from provider to provider. Cash transfers generally take one week to complete, whereas in-specie transfers could take longer if your current provider cannot process electronic transfers.