Q&A on the Transmission of Shares in Malaysia
Q: | What is transmission of shares in Malaysia? |
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Transmission of shares refers to the automatic transfer of ownership of shares from one individual to another by operation of law without any exchange of value. |
Q: |
Why are the differences between a transfer and transmission of shares? |
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Q: | What are the stages of shares transmission in Malaysia? |
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The company must first be informed of the shareholder’s passing or any other relevant circumstances, usually by providing sufficient evidence. The company will then register the transmission of shares in the names of the legal heir or nominee. |
Q: |
What are the methods of shares transmission in Malaysia? |
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Q: | What are the documents required for the transmission of shares? |
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To transfer ownership after death, death certificate, nomination form, grant of probate or letters of administration are required. For transfers due to bankruptcy or incapacity of the shareholder, official court or authority documents verifying bankruptcy or incapacity status are necessary. |