Share transfer provisions: what are they and why do they matter?
You may have already come across [glossary_exclude]share[/glossary_exclude] transfer provisions when you first incorporated your company. These provisions are most commonly found in the company’s articles of association and shareholders’ agreements, but also in buyout service agreements and investment agreements. Let’s take a look at what those provisions are and why they are important. What do your Articles say? Under the Companies Act
The articles of association: why are they important and what should be included?
The articles of association – or simply the articles – is a fundamental constitutional document for companies that are incorporated and registered in England and Wales which is required under the Companies Act 2006. The articles establish the core corporate governance rules which regulate the company’s internal affairs, including the appointment and removal of directors, issue and transfer of shares,