How to sell a cjsc

Sale of closed joint-stock companies (CJSC) is carried out by purchase and sale of their shares. In order to sell shares of a closed joint-stock company, it is necessary to follow the procedure established by law for notifying other shareholders of this. After that, you will need to conclude a share purchase agreement and sign the transfer order, as well as make changes to the register of shareholders.

Instruction manual

1

A shareholder of a CJSC who intends to sell its shares to a third party is required to notify the remaining shareholders and the CJSC itself in writing. Therefore, prepare notifications in which it will be indicated that you are ready to sell the shares of this company at a certain price and on certain conditions. Send these notifications to the shareholders and, in fact, the company. You can address them in the name of the head of the company, then he will distribute them himself, although in this case there is a risk of failure to notify some shareholders.

2

After notifying the shareholders and the company, a certain period of time must be set aside for them to decide on the purchase of your shares, since they have a preemptive right to do so. You have the right to establish this period yourself, but by law it must not be less than 45 days.

3

Within the specified period, shareholders must send you written refusals to purchase your shares or express their intention to acquire them. In the first case, you have the right to sell shares to third parties. After determining the buyer, prepare a stock purchase agreement.

4

Remember that the essential condition of the contract of sale of shares is its subject. Therefore, as much as possible detail it: indicate the name of the company, the number of shares, par value, category, type, quantity, issue number. The contract should also indicate the sale price of the shares. In addition to the contract, draw up a deed of transfer. He will confirm the actual transfer of shares.

5

In accordance with applicable law, the transfer of rights to shares occurs at the time of making the corresponding entry in the register of shareholders. Therefore, after concluding the contract and signing the transfer order, take care of making changes to it, otherwise the shares will remain yours legally.