A closed joint stock company provides a number of advantages for its shareholders. They can purchase shares that are sold by other shareholders, as well as dispose of them without the consent of other shareholders. Shareholders are also entitled to sell their own shares to the company itself. The most important thing is to correctly execute the purchase and sale transaction.
Instructions
Step 1
If you decide to sell shares of CJSC, be sure to notify all persons who have the right of pre-emptive purchase about it. Failure to do so would be a violation of the bylaws and you could be held liable. If none of the shareholders responded to your offer, offer your shares to third parties. In this case, all shareholders must provide you with a refusal to purchase in writing.
Step 2
If a buyer for your shares is found, draw up a purchase and sale agreement. Be sure to specify the subject of the transaction, indicate the name of the issuer of the proposed shares. In addition, be sure to indicate the par value of the shares, their category and type, the registration number of the issue and the amount sold.
Step 3
Evaluate your stock before selling. You can evaluate your shares by agreement or by their par value. After the purchase and sale transaction, be sure to make sure that the corresponding changes, that is, the transfer of ownership, is entered in the register. An entry in the register is made in accordance with the transfer order. In the contract of sale, be sure to indicate the procedure for transferring this document and present the order to the registrar.
Step 4
In order to draw up a transaction for the sale and purchase of shares, submit all the necessary documents: a passport, an original or a notarized copy of a document certifying the right to own shares, certificates of securities, as well as a written refusal of all participants in shared ownership of the right of pre-emptive purchase of the offered shares.
