Shareholders can transfer shares to other shareholders. Existing shareholders can transact with an existing shareholder or with a new shareholder, subject to the provisions of the company’s constitution. Any transfer of shares will need to be in compliance with the constitution. Only fully paid shares can be transferred.
In such transactions, the company does not get paid and the transfer of shares is not initiated by the company. Nonetheless the transaction needs to be filed with the corporate registrar. This feature is automatically provided to the holding company during such share transfers to ensure compliancy.
