Resolution of Transfer of Shares by Cofounders

Updated 31 October 2025

This document is a template for Directors' Resolutions to formally approve the transfer of shares within a company. It outlines the resolution for the sale and purchase of existing ordinary shares between a transferor and a transferee. It also authorizes the company secretary to lodge the transfer with the relevant regulatory authority.

CCofounders

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 [____] Ordinary Shares at the consideration price of $[____] between the following parties:

Transferor

[Name]

Sale and Transfer of [____] Ordinary Shares

Transferee

[Name]

Purchase and Receipt of [____] 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 [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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