Question: How do I transfer shares in Hong Kong?

How do I transfer shares of a private company in Hong Kong?

The process is as follows:

  1. Ensure that any pre-emptive rights stated in the company’s articles of association have been satisfied or waived and obtain approval to conduct the share transfer from the company’s shareholders.
  2. Prepare share transfer documentation required for the transfer to take place.

How do I transfer ownership of shares?

You may see it referred to as form J30 or a share transfer form, but it means the same thing. The person selling the shares (often called the ‘transferor’) should complete their details on the stock transfer form, including their name and address as well as identifying the shares to be transferred, and then sign it.

How is stamp duty calculated for share transfer in Hong Kong?

Stamp duty is charged on transfer of Hong Kong stock by way of sale and purchase at 0.2% (before 1 August 2021) or 0.26% (on or after 1 August 2021) of the consideration (or the market value if it is higher) per transaction. Hong Kong stock is defined as stock the transfer of which must be registered in Hong Kong.

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Does share transfer require board approval?

In order to transfer shares of the company, it has to be pre-approved by the Board of directors. Before transferring shares to new shareholders in the company, as per the provision of rights, the shares have to be offered to the existing shareholders first.

Can a company transfer shares to another company?

Step 1: Obtain share transfer deed in the prescribed format. Step 2: Execute the share transfer deed duly signed by the Transferor and Transferee. … Step 6: The company must process the documents and if approved, issue new share certificate in the name of the transferee.

What is the stamp duty for transfer of shares?

According to the Indian Stamp Act and stamp duty notification in force in the state concerned, the transfer deed should need to have stamps. The present stamp duty rate for transfer of share is 25 paise for every one hundred rupees of the value of the share or part thereof.

How do I transfer shares online?

Process of transfer of shares from one Demat account to another

  1. Step 1 – The investor fills the DIS (Delivery Instruction Slip) and submits it to the current broker.
  2. Step 2 – The broker forwards the DIS form or request to the depository.
  3. Step 3 – The Depository will transfer your existing shares to the Demat account.

How can I transfer shares to another person online?

One needs to fill out a DIS (Delivery Instruction Slip). ISIN number of the shares to be transferred, name of the company (security), demat account and DP ID of the account to which the shares are being transferred must be filled up in the form.

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How can I transfer shares to my son?

How to gift shares in India?

  1. Step 1: Filing the DIS. The donor of the shares has to fill a delivery instruction slip (DIS) and submit it to the Depository Participant (DP). …
  2. Step 2: Filing Receipt Instruction. The receiver will have to fill a receipt instruction and submit it to his/her DP.

What are the documents required for share transfer?

Documents

  • Income Tax PAN. Income Tax PAN of both transferee and transferor.
  • Passport Photo. Passport Photo of both the transferee and transferor.
  • Aadhaar Card. Voter ID Card of both the transferee and transferor.
  • Share Certificates. Original Share Certificates of the Transferor.

How do I get a share transfer stamp?

Hi, Share transfer stamps are available with the brackets or at the post office. The stamps are common all over the India and can be purchased from any where.

  1. you can ask any share trading agency company. …
  2. Yes it’s common all over India.
  3. Yes you can purchase stamps any where in India except Jammu and Kashmir.

Who pays HK stamp duty?

Hong Kong’s duty applies to all stocks listed on the HKEX and all transfers of shares in Hong Kong-based companies. The stamp duty is currently set at 0.2%—0.1% each from the buyer and the seller. Unlike duties in some other markets, Hong Kong’s stamp duty doesn’t differentiate between liquidity makers and takers.