Stock Transfer Form (Form J10 Unpaid or Partly Paid shares)
This Stock Transfer (or share transfer) Form is used to record the transfer of unpaid or partly paid shares from one shareholder to another.
This stock transfer form is known as ‘J10’ as it relates to the transfer of unpaid or partly paid shares. If you are transferring fully paid shares, you should use form ‘J30’ which can be accessed here.
A different form is needed for unpaid or partly paid shares to ensure that the liability to pay further calls on the shares is also transferred. Form J10 must include the details of the transferor and transferee and must be signed by both. In doing so the person receiving the shares accepts liability to pay for any future calls which might be made on the shares. Our Guidance Note: Fully Paid, Partly Paid and Nil Paid Shares explains the difference between these shares and how this relates to a share transfer. This guidance can be accessed here.
If either the transferor or transferee is a joint shareholder, the signature of each joint holder is required.
A share transfer does not need to be notified to Companies House, but a company’s first confirmation statement must contain a list of shareholders and subsequent confirmation statements must report any changes to these shareholders.
The Register of Members should be updated following a share transfer.
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