Document background
A Deed Of Assignment Of Shares Of Stock is a fundamental legal instrument used in Nigerian corporate transactions to transfer share ownership between parties. This document is essential when shareholders wish to sell, transfer, or assign their shareholding to other parties, whether in private transactions or as part of larger corporate restructuring. The deed must comply with the Companies and Allied Matters Act (CAMA) 2020 and other relevant Nigerian legislation, including requirements for proper execution, stamping, and registration with the Corporate Affairs Commission. It typically includes detailed information about the parties, the shares being transferred, consideration, warranties, and completion requirements. This document is particularly important in Nigeria's business environment as it provides legal certainty and helps maintain proper corporate records of share ownership changes.
