About these stock transfer forms
There used to be two types of share transfer form: the J10 was used for two or more transferors and the J30 for just one. Our new form provides for one or two.
The forms can be used to transfer ownership of any shares or other financial instrument in any private limited company (ltd) or public limited company (plc) incorporated in the UK.
The law relating to these forms
There is no statutory legal requirement to use a particular form template over another. The key is to ensure that the correct information is included on the form. Because it is not required under law, Companies House does not maintain copies of the forms.
The stock transfer forms that we sell comply with both the Companies Act 2006 and the requirements of the 2008 Finance Act (though neither specify any particular requirement).
How to use the share transfer form
The share transfer forms are a legal record of the transfer of ownership of shares between two entities. Company law provides for a transfer form to be signed either by the transferor only, or by both the transferor and the transferee. Because very few companies require the signature of the transferee, the standard form of articles of association (often referred to as "Table A") usually excludes the provision for two signatures.
For companies with articles drawn under the Companies Act 2006, the requirement for two signatures has to be positively inserted. It is therefore very rare indeed.
If you manage a public company (plc) you should change your articles to the new style permitted under the 2006 Act. Most public companies use external registrars to manage their register of shareholders and almost all transactions take place through the Stock Exchange Electronic Trading Service, which does not use a system requiring any signature.
The transferor shareholder should complete the form with his own details then hand or post it to the new shareholder to complete his details. The form should then be sent to the secretary of the company with a request to issue a new share certificate. That certificate is proof of ownership of the shares. First, you should pay stamp duty.
Share transfers are taxed at a rate of 0.5% of the consideration for the shares, rounded to the nearest £5 and subject to a minimum of £10. If the shares were bought for less than £1,000 then the form does not need to be presented to HMR&C for stamping.
If the value paid (actual or ad valorem) is greater than £1,000 you should calculate the duty payable and send the payment and the share transfer form to HMRC for stamping. There are other exemptions to the need to pay duty, which are covered in the guidance notes provided.
Once the share transfer form has been stamped by HMRC (if necessary), a new share certificate can be issued to the new shareholder. The transferor's old share certificate should be returned to the company for cancellation. The record of the new shareholder will appear in the next annual return filed for the company.
There is a legal requirement to update the company's register of transfers and register of members immediately.
You should note that the Registrar of Companies has no authority to compel any part of the transfer procedure. What is submitted in the annual return will be taken as fact unless some person proves it is false. In a legal action, the judge will not take note of a share transfer on which stamp duty due has not been paid.
Reasons to buy from Net Lawman
Full money back guarantee - buy with confidence
Our share transfer forms come with a no questions asked full money back guarantee. You take no risk that they might not be right. Once you buy them, we'll give you 30 days to evaluate them in any way you want. If for any reason you're not happy, just e-mail us and we'll refund your money in full immediately.
Guidance notes included - prior knowledge is not required
Comprehensive guidance notes, written by a qualified solicitor, are included. These notes ensure that you don't need to be a lawyer or have knowledge of the law to understand how to complete the forms.
Buy once - re-use again and again
You can use our forms as many times as you like. Buy once and use as often as you need.
Written in plain language everyone can understand
As well as the traditional format forms, we've included a modern version of the J30. We prefer this version as it is valid law written in plain language.
Delivered straight to your inbox
As soon as you complete the secure checkout process, we will send your stock transfer forms straight to your inbox. We will also keep a copy for you for 60 days in our customer area so you can access them even when you are away from your e-mail.
Still unsure whether these stock transfer forms are right for you?
If you are unsure whether this product is suitable for your particular circumstances, then you have two options. The first is to buy now, evaluate the forms, and use the 30 day, full money back guarantee to obtain a refund if they aren't suitable. You take no risk in seeing them. The second option is to contact us using the link below and ask. We can't offer you legal advice on your situation, but we can help you find what you want. We aim to respond to your question within 24 hours. |
Simply you are easy to work with and reasonably priced. I could edit the document - some much better that with Oyez as there you have "Specimen" all over and have to date it etc. This word version was exactly what I was looking for. We were easily able to replace old out of date forms.
