Document background
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.
