Transmission of shares

Transmission of shares

October 19, 2018

 

Transmission of shares occurs by operation of law i.e when a shareholder dies or becomes bankrupt or mentally unstable and his share title is transferred.

Procedure for transmission of shares;

  • The Personal representatives of the shareholder will obtain probate/Letters of Administration from the probate registry
  • Notification of intention to either be member or transfer the shares to another person will be sent to the company attaching the following;
  • A copy of the Death Certificate of the deceased shareholder.
  • A copy of the probate or Letters of Administration.
  • Original shares certificate of the deceased shareholder.
  • A new certificate will be issued to the personal representatives of the deceased.

For Further inquiries;

www.618bees.com

info.618bees.com

012803791

Team 618bees

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attach

More Articles

Search

Connect With Us

Got any questions?

If you are having any questions, please feel free to ask.

Send us an email

Frequently Asked

  • What additional documents do I require to file my Annual Returns?
  • Must my Company Secretary be a Lawyer?

    Although it’s ideal to have a lawyer as a company secretary, it is not compulsory for small private businesses.

  • What are the benefits of Registering with SON?
    1. Product traceability in the Nigerian market
    2. Detection of counterfeit products
    3. Barriers to the circulation of substandard goods
    4. The official SON Product Registration Logo and number are displayed on registered products.
  • What is share capital?

    The share capital in a private limited company is the amount of money invested by its owners in exchange for shares of ownership.

  • Can I trademark my logo and name separately? Why is this a good idea?

    Yes you can. The advantage is that it gives you the opportunity to have more than one logo or the opportunity to change your logo easily as opposed to registering the name and the logo as one trademark.

Call Us Now on +234 1 280 3791