When do public companies not have to buy their own shares?

The company must not, therefore, purchase its own shares when the directors have price-sensitive information that is not generally known. To comply with Stock Exchange rules, public companies should not purchase their own shares during the ‘close period’ (usually two months) before interim or final results are announced.

What do shareholders need to know about share sale?

The company in which the vendor is selling their shares may have a shareholders’ agreement. This agreement details the respective rights of every shareholder in the company. It might give shareholders the right of first refusal.

What happens to share certificate after share sale?

Once the seller has sold their shares, the company must cancel their share certificate and issue a new one in the name of the buyer. If the seller has retained some of their shareholding, a balancing share certificate must be issued by the company for their remaining shares.

What are the documents needed to effect a share sale?

Nonetheless, the sale of shares typically requires: Share sale agreement; Resolution of shareholders; Resolution of the board; Share Transfer Form; Share Certificate; Letter of Resignation (if applicable); and Notification to the Australian Securities and Investment Commission (ASIC). Share Sale Agreement

What are the laws on selling a house in Massachusetts?

Massachusetts laws. Sellers and brokers do not have to disclose to buyers or tenants the fact that a property is perceived to be tainted by the health of a previous occupant, a murder or suicide, or paranormal phenomena.