Resolution of Transfer of Shares by Cofounders
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] |
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