{"id":5829,"date":"2020-06-12T14:35:39","date_gmt":"2020-06-12T06:35:39","guid":{"rendered":"http:\/\/www.biztreemgmt.com\/wordpress\/?p=5829"},"modified":"2022-02-24T22:42:38","modified_gmt":"2022-02-24T14:42:38","slug":"guide-to-transfer-share-for-singapore-company","status":"publish","type":"post","link":"http:\/\/www.biztreemgmt.com\/wordpress\/guide-to-transfer-share-for-singapore-company\/","title":{"rendered":"Guide to transfer share for Singapore company"},"content":{"rendered":"\n<p><strong>WHAT IS SHARE TRANSFER ? <\/strong><\/p>\n\n\n\n<p>Share transfer refer to the exercise of change in ownership in the Company. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large\"><img loading=\"lazy\" width=\"617\" height=\"428\" src=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2020\/06\/Capture.png\" alt=\"\" class=\"wp-image-5861\" srcset=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2020\/06\/Capture.png 617w, http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2020\/06\/Capture-300x208.png 300w\" sizes=\"(max-width: 617px) 100vw, 617px\" \/><\/figure><\/div>\n\n\n\n<p><strong>HOW TO EFFECT THE SHARE TRANSFER ? <\/strong><\/p>\n\n\n\n<p>According to ACRA constitution : <\/p>\n\n\n\n<p>Although there is silent about pre- emption right but the right to approve the shares transfer is on the hand of director now . <\/p>\n\n\n\n<p>Directors&#8217; resolution will needed to passed before effect the shares transfer with authority.<\/p>\n\n\n\n<p>Transferor and Transferee will need to sign shares transfer form with the following detail information : <\/p>\n\n\n\n<ul><li>Company name where the shares transfer will take place <\/li><li>Transferor detail information <\/li><li>Transferee detail information <\/li><li>Number of shares to be transfer <\/li><li>Agreed consideration price \/ selling price <\/li><li>Witness signature for BOTH parties <\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>HOW TO DECIDE SELLING PRICE ? <\/strong><\/p>\n\n\n\n<p>Decision on selling price is agreement between Transferor and Transferee There is no impact on company. <\/p>\n\n\n\n<p>However , please note that selling price will have impact on stamp duties amount with IRAS .<\/p>\n\n\n\n<p><strong>HOW TO CALCULATE STAMP DUTIES WITH IRAS ?<\/strong><\/p>\n\n\n\n<p>IRAS will based on selling price and Net Asset Value ( which ever is higher )   to calculate stamp duties amount .<\/p>\n\n\n\n<p><strong>DUE DATE TO LODGE IN WITH IRAS AND ACRA <\/strong>?<\/p>\n\n\n\n<p>Company must effect the change with  authorities within 14 days from the effective date <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>WHAT IS SHARE TRANSFER ? Share transfer refer to the exercise of change in ownership in the Company. HOW TO EFFECT THE SHARE TRANSFER ? According to ACRA constitution : Although there is silent about pre- emption right but the right to approve the shares transfer is on the hand of director now . Directors&#8217;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[395],"tags":[396,360,361],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Guide to transfer share for Singapore company<\/title>\n<meta name=\"description\" content=\"Share transfer means you intent to withdrawn investment from the company . And to effect it, you will need to prepare share transfer .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.biztreemgmt.com\/wordpress\/guide-to-transfer-share-for-singapore-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guide to transfer share for Singapore company\" \/>\n<meta property=\"og:description\" content=\"Share transfer means you intent to withdrawn investment from the company . 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