Procedure for submission of share transfer notices
The Commissioner for Revenue and the Registrar of Companies have announced that documents relating to share transfers, changes in issued share capital/voting rights of companies and other commercial partnerships where applicable, and transfers of interests in partnerships, requiring registration by the ICTU, are to be delivered to the ICTU prior to forwarding them to the Registry of Companies.
This process will also apply, with effect from 1 February 2021, to transfers/changes in respect of which there is a valid determination issued in terms of Article 47 of the Duty on Documents and Transfers Act (DDT 10). The documentation must be accompanied by the relevant Capital Gains Schedule, auditor’s report and supporting documentation as applicable.