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Physical Share Transfer Form

Physical Share Transfer Form Template for Nigeria

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Key Requirements PROMPT example:

Physical Share Transfer Form

"I need a Physical Share Transfer Form for transferring 10,000 ordinary shares in my Nigerian tech startup from a UK-based investor to a local Nigerian company, with completion planned for March 15, 2025, including necessary foreign investment declarations."

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Document background
The Physical Share Transfer Form is a crucial document in Nigerian corporate practice, required whenever shares are transferred between parties in a physical form. It is mandated by the Companies and Allied Matters Act (CAMA) 2020 and must be filed with the Corporate Affairs Commission. The form is used across all business sectors and must include specific details such as the parties' information, share specifics, consideration amount, and proper execution blocks. It requires stamp duty payment and proper registration to be legally effective. This document is particularly important in private companies where shares are not electronically traded, and serves as official evidence of ownership transfer. The form must comply with both federal legislation and any specific requirements in the company's articles of association.
Suggested Sections

1. Transferor Details: Full legal name, address, and contact information of the party transferring the shares

2. Transferee Details: Full legal name, address, and contact information of the party receiving the shares

3. Company Details: Full registered name of the company, registration number, and registered office address

4. Share Details: Number and class of shares being transferred, distinctive numbers (if any), and amount paid on each share

5. Consideration: Amount being paid for the shares and payment details

6. Declaration of Transfer: Formal statement of transfer and confirmation that shares are free from encumbrances

7. Execution Block: Signature spaces for transferor and transferee, with witness requirements

8. Company Secretary/Director Certification: Space for company official to certify the transfer

Optional Sections

1. Transfer Restrictions Declaration: Required when the company's articles contain specific transfer restrictions that need acknowledgment

2. Spousal Consent: Required in cases where the shares are considered matrimonial property

3. Corporate Authorization: Required when either party is a corporate entity, confirming authority to execute

4. Tax Clearance Declaration: Required for transfers above certain value thresholds

5. Foreign Investment Declaration: Required when the transferee is a foreign investor

Suggested Schedules

1. Share Certificate: Copy of the original share certificate(s) being transferred

2. Board Resolution: Copy of board resolution approving the transfer (if required by articles)

3. Tax Clearance Certificate: Where applicable for high-value transfers

4. Corporate Authorization Documents: Where either party is a corporate entity

5. CAC Forms: Relevant Corporate Affairs Commission forms for registration of transfer

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















Clauses














Relevant Industries

Financial Services

Manufacturing

Technology

Real Estate

Energy

Healthcare

Telecommunications

Agriculture

Mining

Retail

Professional Services

Transportation

Construction

Education

Media and Entertainment

Relevant Teams

Legal

Corporate Secretarial

Finance

Compliance

Administrative

Corporate Services

Board Secretariat

Investment

Governance

Executive

Relevant Roles

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Board Director

Chief Financial Officer

Share Registrar

Corporate Services Manager

Legal Administrator

Finance Manager

Investment Officer

Corporate Governance Officer

Managing Director

Chief Executive Officer

Administrative Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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