The Stock Power Form For Transferring Shares is a crucial document in English and Welsh corporate transactions, used whenever share ownership needs to be transferred between parties. It is required by law under the Companies Act 2006 and must follow specific formatting requirements set out in the Stock Transfer Act 1963. The form includes critical information such as the identity of both transferor and transferee, details of the shares being transferred, and consideration paid. It's commonly used in share sales, corporate restructuring, inheritance transfers, and gift situations. The document must be properly executed and may require stamping by HMRC depending on the consideration involved.
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1. Share Transfer Details: Information about the shares being transferred including class, number, and distinctive numbers
2. Transferor Details: Full legal name and address of the person(s) transferring the shares
3. Transferee Details: Full legal name and address of the person(s) receiving the shares
4. Consideration: Amount paid for the shares or nature of the consideration
5. Execution Block: Signature sections for transferor and witness
1. Attorney Authorization: Used when transfer is executed by an attorney under power of attorney
2. Corporate Representative Authorization: Used when transfer is executed by corporate entity representative
3. Certificate Lodgment Details: Used when share certificates are being physically lodged
1. Share Certificate Details: Copy or details of relevant share certificates
2. Power of Attorney: If transfer is executed under power of attorney
3. Board Resolution: If transfer requires corporate authorization
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