Share Transfer Agreement New Zealand
- Posted on October 7, 2021
- in Uncategorized
- by admin
When shareholders of a private company arrange for the transfer of shares to other shareholders or potential new shareholders, there are a number of documents that should be taken into consideration. First, a sales contract should be concluded indicating the price of the shares, the date of liquidation of the transfer and the new party who will become a shareholder in that shareholding. Such an agreement should also cover all the subscription rights requirements that need to be addressed and provide for a mechanism and timetable for the seller of the shares to contact interested parties, in order to ensure that the corresponding consents are given. The consideration to be paid for the sale of shares should be carefully considered, as it will undoubtedly affect the interests of the remaining shareholders.