Companies Act 1967 - Share Transfer Provisions: Sections 130A-130AD governing transfer of shares, Section 126 on nature of shares, and Section 215 on power to acquire shares of dissenting shareholders. These provisions set out the fundamental rules for share transfers in Singapore.
Securities and Futures Act 2001: Regulatory framework for securities transfers, particularly relevant for listed companies. Includes requirements for transfer of securities and associated disclosure obligations.
Stamp Duties Act 1929: Section 22 specifies duty requirements for share transfers. Documents must be stamped within 14 days, with current stamp duty rate at 0.2% of purchase price or market value of shares.
Contracts Act 1999: General contract law principles based on Common Law, governing the formation and execution of the deed of assignment.
Company Constitution Compliance: Requirements to check and comply with the company's Constitution/Articles of Association regarding share transfer restrictions and procedures.
Pre-emptive Rights: Consideration of existing shareholders' pre-emptive rights before executing share transfers.
Board Approval Requirements: Verification of any board approval requirements for share transfers as per company constitution or shareholders' agreement.
Deed Execution Requirements: Specific requirements under Singapore law for proper execution of deeds, including witnessing and sealing requirements.
Industry-Specific Regulations: Additional compliance requirements for share transfers in regulated industries (e.g., banking, insurance, telecommunications).
Foreign Ownership Restrictions: Verification of any applicable foreign ownership restrictions or requirements for the specific industry or company type.
