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Form For Share Transfer In A Private Limited Company Template for United Arab Emirates

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Key Requirements PROMPT example:

Form For Share Transfer In A Private Limited Company

"I need a Form For Share Transfer In A Private Limited Company for transferring 30% shareholding in my Dubai-based tech company to a foreign corporate investor, with completion scheduled for March 15, 2025, ensuring compliance with UAE foreign ownership regulations."

Document background
The Form For Share Transfer In A Private Limited Company is a crucial document used in the United Arab Emirates when transferring ownership of shares between parties in a private limited company. It is designed to comply with UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and related regulations, ensuring proper documentation of share ownership changes. This document is required whenever shares are being transferred, whether through sale, gift, or other means of transfer, and must be properly executed before the relevant authorities. It contains essential information including details of the transferor and transferee, share specifications, consideration amount, and necessary warranties. The form must be completed in accordance with UAE requirements, which may include notarization and registration with the Department of Economic Development, depending on the emirate and type of company involved.
Suggested Sections

1. Parties: Details of the Transferor (selling shareholder) and Transferee (buying shareholder), including full legal names, addresses, and nationality

2. Background: Brief context about the company whose shares are being transferred, including company name, license number, and share capital structure

3. Definitions: Key terms used in the document including 'Shares', 'Company', 'Transfer Date', and 'Consideration'

4. Details of Transfer: Specific information about the shares being transferred, including number of shares, class of shares, and share certificate numbers

5. Consideration: The agreed price for the transfer and payment terms

6. Effective Date: The date on which the transfer will take effect

7. Representations and Warranties: Basic warranties from the transferor regarding ownership and right to transfer the shares

8. Execution Requirements: Signature blocks and witnessing requirements as per UAE law

9. Governing Law: Confirmation that UAE law governs the transfer

Optional Sections

1. Board Approval: Required when the company's articles mandate board approval for share transfers

2. Pre-emption Rights Waiver: Required when other shareholders have pre-emptive rights that need to be waived

3. Regulatory Approvals: Required when the transfer needs specific regulatory clearances

4. Power of Attorney: Required when the transfer is being executed through an authorized representative

5. Non-encumbrance Statement: Optional declaration that the shares are free from any liens or encumbrances

6. Spousal Consent: Required in cases where local law or personal status law requires spousal approval

Suggested Schedules

1. Share Certificate Details: Copy or details of the existing share certificate(s) being transferred

2. Company Information: Detailed company information including registration documents and shareholding structure

3. Board Resolution: Copy of board resolution approving the transfer (if applicable)

4. Regulatory Approvals: Copies of any required regulatory approvals or waivers

5. Payment Details: Detailed breakdown of consideration and payment terms

6. Supporting Documents: List of required supporting documents including passport copies, visa copies, and other KYC documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries

Financial Services

Technology

Real Estate

Manufacturing

Trading

Professional Services

Healthcare

Retail

Construction

Hospitality

Education

Media and Entertainment

Transportation and Logistics

Relevant Teams

Legal

Corporate Secretarial

Finance

Compliance

Risk Management

Corporate Governance

Investment

Business Development

Executive Management

Administrative

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Chief Financial Officer

Finance Director

Board Member

Shareholder Relations Manager

Investment Manager

Corporate Governance Officer

Business Development Director

Risk Manager

Company Registrar

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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