In Malta, transferring shares in a company involves the use of Form T, which is the official document for recording the transfer of shares. Below is an outline of the key elements typically found in a Share Transfer Form (Form T), along with a template.

Key Elements of Form T

  1. Company Details: Information about the company whose shares are being transferred.
  2. Transferor Details: Information about the current owner (seller) of the shares.
  3. Transferee Details: Information about the new owner (buyer) of the shares.
  4. Share Details: Specific details about the shares being transferred.
  5. Consideration: The amount paid for the shares.
  6. Declaration and Signatures: Signatures of the transferor, transferee, and witnesses.

Steps to Complete and Submit Form T

  1. Complete the Form: Fill in all the required details accurately.
  2. Signatures: Ensure that the transferor, transferee, and witnesses sign the form.
  3. Attach Required Documents:
    • Share Transfer Agreement
    • Share Certificate(s)
    • Proof of payment of stamp duty (if applicable)
  4. Submit to the Malta Business Registry (MBR): The completed Form T along with the supporting documents should be submitted to the MBR for registration.

Additional Notes

  • Witnesses: It's generally required that the signatures of the transferor and transferee be witnessed. Make sure witnesses provide their full details and sign the form.
  • Stamp Duty: Ensure that stamp duty is calculated and paid as required before submission. Attach proof of payment.
  • Keep Copies: Maintain copies of all documents for your records.

This template provides a basic structure for Form T. Ensure to check for any updates or specific requirements from the Malta Business Registry or seek professional advice to comply with current regulations.

Share Transfer Form T Template

Here is a detailed template for the Share Transfer Form (Form T) used in Malta:

Form T: Share Transfer Form

Company Details:

  • Company Name: _______________________________
  • Company Registration Number: _________________
  • Registered Address: ___________________________

Transferor (Seller) Details:

  • Full Name: ___________________________________
  • Address: _____________________________________
  • Identification Number: _________________________

Transferee (Buyer) Details:

  • Full Name: ___________________________________
  • Address: _____________________________________
  • Identification Number: _________________________

Share Details:

  • Class of Shares: _______________________________
  • Number of Shares: ____________________________
  • Certificate Number(s): _________________________

Consideration:

  • Amount Paid (€): ____________________________

Declaration and Signatures:

I/We, the undersigned transferor(s), hereby transfer the above-mentioned shares to the transferee(s) named above, for the consideration specified above, and request that the transferee(s) be registered as the holder(s) of such shares.

Transferor's Signature(s):

  • [Full Name: _______________________________]Date: _______________

Transferee's Signature(s):

  • [Full Name: _______________________________]Date: _______________

Witnesses:

    • Name: ___________________________________
    • Address: _________________________________
    • Date: ___________________________________
    • Name: ___________________________________
    • Address: _________________________________
    • Date: ___________________________________

For Office Use Only:

  • Date of Registration of Transfer: _______________
  • Updated by: ___________________________________

Instructions for Completion

  1. Company Details: Fill in the full name, registration number, and registered address of the company whose shares are being transferred.
  2. Transferor Details: Enter the full name, address, and identification number of the current shareholder (transferor).
  3. Transferee Details: Enter the full name, address, and identification number of the new shareholder (transferee).
  4. Share Details: Specify the class of shares, the number of shares being transferred, and the certificate number(s).
  5. Consideration: Indicate the amount paid for the shares in Euros (€).
  6. Declaration and Signatures: Both the transferor and transferee must sign the form. Witnesses must also sign and provide their details.
  7. Office Use: This section is to be completed by the Malta Business Registry.

Submission Checklist

  • Completed and signed Form T.
  • Share Transfer Agreement.
  • Original share certificate(s).
  • Proof of payment of stamp duty.
  • Any additional documentation required by the Malta Business Registry.

Ensure all information is accurate and complete to avoid delays in processing the share transfer. It is advisable to consult with a legal professional or the Malta Business Registry for any specific requirements or updates to the process.

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