Subsequently, the company should submit this document to the Corporate Affairs Commission (CAC), as well as a resolution of the board of directors authorizing the transfer and a completed CAC 2A form. 1.3 The transfer is registered in the company`s shareholder register and all other necessary fillings and registrations are made by the buyer and seller. Buyers and sellers will immediately help another to formalize the people mentioned above. 5.10 Unless the text of a clause and the entire share transfer contract indicate that a specific clause must mean something other than: all words that are only in the singular are considered plural (and vice versa) and all words indicated in a given sex are considered to be all sexes and all terms that refer to any form of person or person , are considered to be both legal entities (for example. B companies) and individuals (and vice versa). After filling out this form, the ceder should go wild. If one of the parties is a business, the company can put its common seal on the document on the document, and either two directors or a director and a secretary should sign the document. In the absence of a common seal, this document can be signed, sealed and delivered either by two directors or by a director and a secretary. 1.1 The assignor transfers all shares to the purchaser in absolute terms, taking into account the amount mentioned in point 2. PandaTip: When the transferred shares are sold, the “transferor” means the seller and the “seller” the buyer. 2.
This agreement limits the board`s authority to manage and supervise the corporation to the extent necessary to achieve shareholder objectives, as these objectives are defined in this agreement, and transfers those powers to shareholders. Shareholders recognize that, to the extent that the board`s powers are limited and transferred to shareholders, the commitments and commitments of the board of directors as well as individual directors are also transferred to shareholders. CONSIDERING the premises and reciprocal agreements and agreements of this agreement, the adequacy of which is recognized, the parties agree on the following: PandaTip: they can start the pages of this agreement to ensure that the timetable cannot be changed at a later date. 3.2 The purchase price is used in the seller`s bank account in fill IN BANK, Reg.no.: REG. NO., account number: COMPTE NO. I sent him back. When creating a share purchase agreement, it is important to give details of the shares sold, for example. B the type of actions. Common, preferential, voting and non-voting terms are terms that can be used to describe shares. 5.1 The transfer of the shares is subject to payment of the purchase price – just as the payment of the purchase price depends on a valid transfer of the shares.