Affidavit to transfer shares in Kenya

Affidavit to transfer shares in Kenya

Affidavit to transfer shares in Kenya for a private company in Kenya is an affidavit sworn by the transferor to confirm that they are transferring shares to another person (the transferee). This process can be voluntary or where a sale of shares has happened in a company.

Requirements for an affidavit to transfer shares in Kenya

An affidavit for share transfers must include:

1. Details of the Deponent: Name, address, and designation (e.g., shareholder or director).
2. Company Information: Name of the company, registration number, and address.
3. Share Details: Description of the shares being transferred, including class and number.
4. Reason for Transfer: A statement explaining why the transfer is taking place (e.g., sale, gift, inheritance).
5. Declaration of Ownership: Confirmation that the deponent owns the shares and has the legal right to transfer them.
6. Consent or No Objection: Statements from other parties, where required, to confirm there are no objections to the transfer.
7. Supporting Documents: Reference to attached documents, such as a copy of the share certificate or sale agreement.
8. Oath and Signature: Sworn before a commissioner for oaths, notary public, or advocate.