Document background
The Short Form Stock Purchase Agreement is designed for use in the Indian legal context where parties seek to document a straightforward share purchase transaction without complex conditions or extensive warranties. This document is particularly suitable for private company transactions, small to medium-sized deals, or situations where the parties have already conducted thorough due diligence. It complies with Indian corporate law requirements, including the Companies Act 2013, SEBI regulations (if applicable), and relevant stamp duty provisions. The agreement includes essential elements such as share transfer terms, basic representations, and closing mechanics while omitting more complex provisions that might be found in a comprehensive share purchase agreement. It's commonly used in situations where the transaction structure is straightforward and the parties prefer a more concise documentation approach.
