The Promissory Note For Shares is commonly used in Indian business transactions where share transfers occur with deferred payment arrangements. This document is essential when parties wish to formalize a share purchase with future payment terms, providing legal security to both the seller and buyer. It combines elements of a standard promissory note under the Negotiable Instruments Act, 1881, with share transfer requirements under the Companies Act, 2013. The document is particularly useful in private company transactions, startup investments, and corporate restructuring where immediate payment for shares is not feasible or desired. It must include specific details about the shares, payment terms, and comply with both central and state-specific stamp duty requirements. The document's enforceability is supported by Indian contract law and securities regulations, making it a crucial instrument in share transfer transactions with deferred payment arrangements.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Date and Place of Execution: Specifies when and where the promissory note is executed, which is crucial for legal validity
2. Parties: Identifies the maker (promisor) and the payee (promisee) with full legal names and addresses
3. Promise to Pay: Clear and unconditional promise to pay a specific sum for the shares
4. Share Details: Specific details of the shares being transferred including company name, number of shares, class of shares, and distinctive numbers
5. Payment Terms: Details of the payment amount, due date, and method of payment
6. Interest Rate: Specifies the rate of interest if applicable
7. Place of Payment: Designates where the payment should be made
8. Signature Block: Space for signatures of the maker and witness with proper attestation
1. Security Provisions: Include when additional security or collateral is being provided for the promise
2. Default and Consequences: Detailed terms about what constitutes default and its consequences, recommended for higher-value transactions
3. Acceleration Clause: Include when early payment provisions or triggers for immediate payment are needed
4. Transfer Restrictions: Include when there are specific restrictions on transferring the promissory note
5. Governing Law and Jurisdiction: Include when parties are from different jurisdictions or specific court jurisdiction needs to be established
6. Notice Provisions: Include when formal communication procedures need to be established between parties
1. Schedule A - Share Certificate Details: Detailed information about the share certificates including certificate numbers, folio numbers, and distinctive numbers
2. Schedule B - Payment Schedule: If payment is to be made in installments, detailed breakdown of payment dates and amounts
3. Schedule C - Company Information: Detailed information about the company whose shares are being transferred
4. Appendix 1 - Share Transfer Form: Standard form for share transfer as per Companies Act requirements
5. Appendix 2 - Board Resolution: Copy of board resolution approving the share transfer, if required
Find the exact document you need
Construction Promissory Note
An Indian law-compliant promissory note specifically designed for construction-related payments and obligations, governed by the Negotiable Instruments Act and construction regulations.
Download
Straight Note (Real Estate)
An Indian law-governed promissory note secured by real estate property, documenting terms of loan repayment and property security details.
Download
Promissory Note For Lending Money
A legally binding financial instrument under Indian law that documents an unconditional promise to pay a specified sum of money, including loan terms and repayment conditions.
Download
Promissory Note For Housing Loan
An Indian legal document containing a borrower's unconditional promise to repay a housing loan, governed by the Negotiable Instruments Act, 1881.
Download
Promissory Note For Bank Loan
A legally binding financial instrument under Indian law that documents a borrower's promise to repay a specific loan amount to a bank with defined terms and conditions.
Download
Iou Promissory Note
A legally binding financial instrument under Indian law wherein one party promises to pay a specified sum to another party, either on demand or at a fixed future date.
Download
Promissory Note For Real Estate Purchase
An Indian law-compliant promissory note documenting a buyer's promise to pay for real estate property, including payment terms and property details.
Download
Promissory Note
A legally binding financial instrument under Indian law containing an unconditional written promise to pay a specified sum of money to a named party.
Download
Secured Demand Note
An Indian law-governed financial instrument combining a demand promissory note with security arrangements, enabling secured lending with on-demand repayment features.
Download
Promissory Letter For Work
An Indian legal document combining a promissory note with work commitments, governed by Indian contract law and negotiable instruments legislation.
Download
International Promissory Note
An Indian law-governed promissory note for international transactions, containing an unconditional promise to pay a specified sum with cross-border payment provisions.
Download
Loan Note
An Indian law-governed debt instrument documenting loan terms, repayment obligations, and security arrangements between lender and borrower.
Download
Unsecured Promissory Note
An Indian law-governed financial instrument containing an unconditional written promise to pay a specified sum without any security or collateral.
Download
Secured Promissory Note
An Indian law-governed financial instrument combining a promise to pay with security interests in assets, documenting a secured debt obligation with specified payment and enforcement terms.
Download
Promissory Note With Notary
An Indian law-governed notarized financial instrument containing an unconditional written promise to pay a specified sum of money under defined terms.
Download
Promissory Note Seller Financing
A legally binding financial instrument under Indian law documenting a buyer's promise to pay a seller over time, with specified payment terms and conditions.
Download
Note Trust Deed
An Indian law-governed document establishing a trust structure for note issuances, defining the relationship between issuer, trustee, and noteholders.
Download
Shareholder Promissory Note
An Indian law-governed financial instrument documenting a company's promise to pay a specified sum to a shareholder, including payment terms and conditions.
Download
Simple Note Payable Agreement
An Indian law-governed agreement documenting a promise to pay a specified sum of money, with defined payment terms and conditions.
Download
Senior Promissory Note
An Indian law-governed debt instrument containing a senior-ranking promise to pay a specified sum with defined terms and conditions.
Download
Recourse Promissory Note
An Indian law-governed financial instrument containing a written promise to pay a specified sum, with recourse rights against the maker or endorsers in case of default.
Download
Promissory Note Mortgage
An Indian legal instrument combining a promissory note with a mortgage deed, creating both a payment obligation and security interest in real property under Indian law.
Download
Promise To Pay Letter For Rent
An Indian law-compliant formal written commitment from a tenant acknowledging rental dues and promising payment according to a specified schedule.
Download
Note Agreement
An Indian law-governed promise to pay document that creates a legally binding debt obligation between a borrower and lender, including payment terms and conditions.
Download
Interest Only Balloon Note
An Indian law-governed loan document structuring interest-only payments with a final balloon payment, compliant with RBI regulations and Indian Contract Act.
Download
Legal Iou Form
A legally binding debt acknowledgment document under Indian law that records a borrower's promise to repay a specified amount to a lender under defined terms.
Download
Medical Promissory Note
An Indian legal document combining a financial promise to pay with medical service details, governed by the Negotiable Instruments Act and healthcare regulations.
Download
Standard Promissory Note Secured
An Indian law-governed financial instrument containing a promise to pay a specific sum with interest, secured by collateral, creating enforceable rights for the lender over the security in case of default.
Download
Business Loan Promissory Note
An Indian law-governed promissory note documenting a business borrower's unconditional promise to repay a specified loan amount with interest to a lender.
Download
Old Promissory Note
A legally binding written promise to pay a specified sum under Indian law, governed by the Negotiable Instruments Act, 1881.
Download
Multiple Advance Promissory Note
An Indian law-governed financial instrument that enables multiple drawdowns under a single promissory note, combining credit line flexibility with legal enforceability.
Download
Future Advance Promissory Note
An Indian law-governed financial instrument that combines a traditional promissory note with provisions for future monetary advances up to a predetermined maximum amount.
Download
Consolidated Promissory Note
An Indian law-compliant financial instrument that combines multiple promissory notes or debt obligations into a single legally binding document.
Download
Unsecured Demand Promissory Note
An Indian law-governed unsecured financial instrument containing an unconditional promise to pay a specified sum on demand, regulated under the Negotiable Instruments Act, 1881.
Download
Unsecured Promissory Note Issued By A Corporation
An Indian law-governed financial instrument containing a corporation's unconditional promise to pay a specified sum without security.
Download
Promissory Note Letter For Payment
A legally binding financial instrument under Indian law where one party promises in writing to pay a specified sum of money to another party, governed by the Negotiable Instruments Act, 1881.
Download
Credit Card Promissory Note
An Indian law-compliant financial instrument that documents a credit card holder's promise to repay outstanding credit card debt to the issuing bank.
Download
6 Month Promissory Note
An Indian law-governed promissory note containing an unconditional promise to pay a specified sum within six months, structured under the Negotiable Instruments Act, 1881.
Download
Simple Promissory Letter
A legally binding document under Indian law containing an unconditional promise to pay a specified sum of money to a designated party.
Download
Promissory Note With Balloon Payment
An Indian law-governed promissory note featuring regular payments and a larger final balloon payment, structured under the Negotiable Instruments Act, 1881.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)