What is the process for a share transfer, and is stamp duty payable?

Sign the transfer instrument, get board approval and update the register of members; the buyer pays stamp duty of about 0.2% to IRAS within 14 days. A share transfer spans company law and tax. On the company side: the transferor and transferee sign the instrument of transfer, the board passes a resolution approving the transfer (satisfying any transfer restrictions or pre-emption rights in the constitution first), the old share certificate is cancelled, a new one issued, the register of members updated, and the change reported to ACRA. On the tax side: stamp duty is payable on the transfer, generally 0.2% of the higher of the consideration and the net asset value (NAV) of the shares, paid by the transferee via IRAS's e-Stamping system within 14 days of signing, with penalties for lateness. The corporate secretary usually coordinates the full document set and filings. Where foreign parties or valuation disputes are involved, assess the stamp-duty basis in advance.