Business Restructuring
Sometimes you may want to change your business structure in order to hit a longer and more sustainable target. Transfer of shares, allotment of shares, change of partnerships, setup a discretionary trust.
Transfer of Shares – Shares are bought or sold to new or existing shareholders without changing the total amount of share capital. Sales agreement, an instrument of Transfer and latest management accounts are required for stamp duty. Reporting and record-keeping obligation shall be followed up.
Allotment of Shares – New shares are issued and allotted to new or existing shareholders, with or without changing the total amount of share capital, and for wholly or partly cash or non-cash consideration.
Synergy can advise you on the most appropriate way of re-structuring your business. We assist you on:
• Drafting and reviewing shareholders’ agreement and statement of declaration where required;
• Arranging stamp on transferred shares
• Drafting and reviewing board resolution;
• Registration of allotment
• Reporting latest change to Company Registry
• Recording on Significant Controllers Register