Document background
The Sale Of Shares Form is a crucial legal document used in Nigerian corporate transactions when transferring ownership of company shares from one party to another. This document is essential for both private and public companies operating under Nigerian law, particularly in compliance with the Companies and Allied Matters Act (CAMA) 2020. It is used whenever there is a need to document share transfers, whether in the context of complete business sales, partial exits, or corporate restructuring. The document captures vital information including share values, payment terms, warranties, and regulatory compliance requirements. It must be properly stamped and registered with relevant authorities such as the Corporate Affairs Commission to be legally effective. The agreement becomes particularly important in cross-border transactions where additional regulatory considerations, such as foreign exchange regulations and investment promotion laws, come into play.
