Document background
The Transfer Of Stock Ownership Form is a crucial document in Nigerian corporate practice, required whenever shares are transferred between parties in a company. It serves as the primary instrument for documenting share transfers under the Companies and Allied Matters Act (CAMA) 2020 and must be filed with the Corporate Affairs Commission (CAC). The form is essential for both private and public companies, capturing vital information such as the identities of the transferor and transferee, share details, consideration amount, and relevant declarations. It's particularly important as it provides legal evidence of the transfer and helps maintain accurate corporate records. The document must be properly executed to ensure the transfer's validity and facilitate the issuance of new share certificates.
