|Why do I need to do this?||Transfer of shares should be approved from MED.|
|Where can I apply for the service?||You may apply online or in person at|
|How long will the process take?||2 days|
|What are the fees and charges involved?||None|
|Which documents do I need to submit?||
|How do I apply for the service?||Day 1:
1. Lodge Application and documents at counter.
|What would I receive at the end of the process?||• Original of Share Transfer Form|
|Did you know:||• A Company Board Resolution needs to be passed to transfer the shares.
• The signatures on the Board Resolution must match the signatures in the ministry records. If the signature mismatch is due to a change in company board members, the board members will be requested to come to the ministry and verify the signature.
|References:||• Companies Act of the Maldives
• Companies Regulation
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