Register of transfers
What’s a register of transfers and when do you need one?
A register of transfers is quite similar to a register of applications and allotments – but, a register of transfers keeps a record of transfer done by the existing shareholder.
This may not happen when your business is small – but the larger you get, the more often this may occur. So it's good to have this register in place.
This register is part of our suite of registers, often called the ‘statutory books’, that a limited company must have in place.
Other registers within this suite include:
- Register of secretaries
- Register of debentures
- Register of directors' interests
- Register of directors' residentialaddress
- Register of directors
- Register of mortgages and charges
- Register of persons with significant control (PSCs)
- Register of relevant legal entities (RLEs)
- Register of share applications and allotments*Register of members and share ledger
Not all of these will be relevant to your business in its initial stages of setup and development, but many, if not all, of them, will be relevant as your business grows.
You will need to have them in place and to keep them up to date. Some are mandatory from the outset.