Adam Frankel
General Counsel · Technology & AI
15+ years as General Counsel to technology, cloud & AI companies
Resolution of Transfer of Shares by Cofounders
Open Legal LibraryUpdated 6 Nov 2025
The Resolution of Transfer of Shares by Cofounders is a director resolution authorizing the sale and transfer of existing ordinary shares between founders and permitting the company to lodge the transfer with the relevant corporate registry. It follows standard corporate governance practice and is commonly used in jurisdictions influenced by English company law, including Singapore, making it a reliable and recognized form of share transfer approval.
Directors Resolutions
We, the undersigned, being the directors of [company name] (The Company), do hereby pass the following resolution:
Transfer of Shares
Resolved
That the transfer of shares of the Company be made by way of the sale of existing [number of shares] Ordinary Shares at the consideration price of $[consideration price] between the following parties:
Transferor
[transferor name]
Sale and Transfer of [number of shares] Ordinary Shares
Transferee
[transferee name]
Purchase and Receipt of [number of shares] Ordinary Shares
That the company secretary or other relevant officer of the company be authorised to lodge the above transfer with the Accounting and Regulatory Authority of Singapore.
Dated this [resolution date]
[Signature] | [Name of Director] |
[Signature] | [Name of Director] |
[Signature] | [Name of Director] |
[Signature] | [Name of Director] |
About this template
What is this template?
This is a formal written resolution passed by the board of directors. It is not a Share Purchase Agreement or a Stock Transfer Form, but rather the internal corporate approval required to give effect to such documents.
When should you use it?
Use this document after a share sale has been agreed to ensure the board formally recognizes the change in shareholding and authorizes the regulatory filing. Use a Stock Transfer Form for the actual instrument of transfer.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Transfer of Shares | Approves the sale of a specific number of Ordinary Shares at a stated consideration price between the named Transferor and Transferee. |
| 2 | Authority to Lodge | Authorises the company secretary or officer to lodge the transfer details with the Accounting and Regulatory Authority of Singapore. |
Who it's for
- a Singapore private limited company recording a share sale between two parties
- directors formalising the transfer of ordinary shares for a specific consideration price
How long it runs and how it's signed
How long
Used once
Signed by
Director, Director, Director, Director
Witness
Not required
Notarisation
Not required
Also needed
lodge with Accounting and Regulatory Authority of Singapore
Categories
Jurisdiction
Singapore
Document info
HTML document. Document created on Fri Oct 31st, 2025. Last updated on Thu Nov 6th, 2025.
This document is public
Licensed under Proprietary / All Rights Reserved.
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