A Stock Transfer Form is what is required to be completed and signed by the current Shareholder to give legal effect to the transfer of Shares to a new Shareholder (prospective or existing).
Stamp Duty is payable on the transfer if the value is above £1,000 (effective from 12 march 2008) and the Stock Transfer Form must be sent to the HMRC Stamp Office within 30 days together with payment.
The Stock Transfer Form must then be registered in the Company's Statutory Registers by the Company Secretary. The Stock Transfer Form must be retained for safeguarding in the Statutory Records.
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