How To Donate Shares

Table of contents:

How To Donate Shares
How To Donate Shares

Video: How To Donate Shares

Video: How To Donate Shares
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The share is one of the forms of ownership. Any natural or legal person, and even a minor child, can, if desired, become the owner of the share. Each owner of shares is endowed with the right to freely dispose of them at his own discretion, as his own property. Shares can be bought, sold, exchanged, donated, bequeathed, as well as transferred to trust or pledged, etc.

How to donate shares
How to donate shares

Instructions

Step 1

If you want to donate shares, you need to prepare all the necessary documents for the transfer of ownership and draw up a donation agreement. The donation is made out with the participation of two parties and consists in the gratuitous transfer of the property belonging to the donor to the ownership of the other party. This procedure is subject to mandatory state registration.

Step 2

Prepare a certificate of state registration of ownership of shares. One application from the donor to register the transfer of ownership. Also a statement of the gifted about the registration of ownership. A paid receipt for the payment of the state fee for registration of property rights, as well as documents proving the identity of both parties. You can draw up a donation agreement in a simple written form, or better not in a notarial form.

Step 3

The donation must be registered, after which the ownership of the shares is transferred with the issuance of an appropriate certificate of state registration of the right to the name of the donated.

Step 4

Please note that there is a prohibition on donations between commercial organizations, including between individual entrepreneurs. Otherwise, such a transaction may be invalidated by a court decision.

Step 5

If you have received shares of the Joint Stock Company under a donation agreement, you become a full shareholder. This change must be entered in the register of shareholders.

Step 6

You must independently contact the registrar of this JSC and submit to him the donation agreement, as well as the transfer order with the signature of the donor and the obligatory indication of the transaction price. In addition, you need to obtain the consent of other members of the company within 30 days from the date of contacting the members of the company. Only after that the share in the authorized capital of the shares will be transferred to you.

Step 7

It is also necessary to notify the tax, customs, licensing and other authorities about the change in the owner of the shares.

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