To transfer shares in a sdn bhd company from one person to another person in Malaysia, the following documents are needed to be prepared:
- Section 105 FORM OF TRANSFER OF SECURITIES
- Board’s Resolution – Approval from the Board of Directors to accept the transfer of shares
The SECTION 105 FORM will be delivered to Stamping Office for stamping purposes to Inland Revenue Board, or more common know as Lembaga Hasil Dalam Negeri (LHDN) , the transfer of shares will only be valid in laws after stamp duty has been paid.
Company secretary of the company will prepare all documents to make sure the share is transferred accordingly.
Will The Transfer of Shares Be Submitted SSM?
Transfer of shares will be updated to SSM via MyCoid system where the company secretary of the company will update the details of the new shareholders and remove the current shareholders if necessary. This process takes place after get stamping from Lembaga Hasil Dalam Negeri (LHDN) .