Resolution of Transfer of Shares by Cofounders

Updated 6 November 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.

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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?

Resolution of Transfer of Shares by Cofounders is a free, ready-to-use Corporate template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.

When should you use it?

Reach for this Corporate template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with Singapore in mind, though you should always review the final wording against the laws that apply to you.

What's typically included?

A well-drafted Corporate usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.

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