The process of transferring securities is a critical task that involves meticulous attention to detail and adherence to legislative mandates. At the heart of this procedure is the Form 32A, a document that encapsulates the formalities required under the Companies Act 1965, specifically Section 103(1). This form serves as a blueprint for the transfer of securities, requiring comprehensive information that includes the name of the company, details regarding the transferor and transferee, and the specifics of the securities being transferred. The inclusion of signatures from both parties, witnessed and validated, underscores the legal importance and formality of the transaction. The form not only mandates the clear identification of both the transferor and transferee through details like name, address, and occupation but also distinguishes between individual and corporate entities through additional particulars such as identity card or passport numbers, and for corporates, the company number or registration number. With a stipulation for the consideration sum involved, the form also outlines the financial aspect of the transfer, making it an essential document for ensuring transparency and compliance with the stamp duty charges as governed by the Stamp Ordinance 1949. The precise execution of this document, especially in cases involving corporate entities, necessitates adherence to their constitution's provisions, highlighting the critical role of Form 32A in the seamless transfer of securities within the legal framework.
Question | Answer |
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Form Name | Form 32A |
Form Length | 1 pages |
Fillable? | Yes |
Fillable fields | 25 |
Avg. time to fill out | 5 min 19 sec |
Other names | s sum malaysians, form siapa online, how to form 32a, what is form 32a |
FORM 32A |
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FORM OF TRANSFER OF SECURITIES |
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Companies Act 1965, Section 103(1) |
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NAME OF COMPANY: |
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SIGNATURE(S) OF TRANSFEROR(S) |
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(IN BLOCK LETTERS) |
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Signed, sealed and delivered in the presence of |
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2. |
NUMBER OF UNITS: |
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DESCRIPTION OF SECURITIES |
CERTIFICATE |
Signature |
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(IN FIGURES & WORDS) |
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NUMBER(S) |
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Name |
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Address |
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NAME OF TRANSFEROR(S): |
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(IN BLOCK LETTERS) |
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Occupation |
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(HEREINAFTER CALLED "TRANSFEROR") |
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Signed, sealed and delivered in the presence of |
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IDENTITY CARD/PASSPORT/COMPANY NO.: |
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Signature |
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5.NAME & ADDRESS OF TRANSFEREE(S):
(IN BLOCK LETTERS)
(HEREINAFTER CALLED "TRANSFEREE") |
Name |
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Address |
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Occupation |
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SIGNATURE(S) OF TRANSFEREE(S) |
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Signed, sealed and delivered in the presence of |
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Signature |
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6. PARTICULARS OF TRANSFEREE (See columns below): |
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(IF TRANSFEREE IS A PERSON) |
(IF TRANSFEREE IS A BODY CORPORATE) |
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Identity Card/Passport No. |
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Name |
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Address |
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(Also state colour & type)/(Also state country) |
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Company No./Registration No. |
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Nationality |
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Place of Incorporation |
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Occupation |
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Signed, sealed and delivered in the presence of |
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RACE (If Malaysian) |
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TYPE OF BODY CORPORATE |
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Signature |
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Malay |
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Government Agencies/Institutions/Statutory Bodies |
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Chinese |
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Controlled by Malaysians (Malays/Natives) |
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Indian |
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Controlled by Malaysians |
Name |
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Others (Specify) |
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Controlled by |
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Address |
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I am* / we are* nominee(s) of a person resident in |
(country) |
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7.IN CONSIDERATION OF THE SUM HEREIN MENTIONED, *I / WE*, THE TRANSFEROR,
HEREBY TRANSFER TO THE TRANSFEREE THE SECURITIES REFERRED TO IN |
Occupation |
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PARAGRAPHS 1 AND 2 HEREOF AND *I / WE*, THE TRANSFEREE, HEREBY ACCEPT |
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THE TRANSFER OF THE SAID SECURITIES. |
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The consideration sum set forth in a Transfer may differ from that which the first Seller will receive owing to |
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Consideration Sum (in Words): Ringgit Malaysia |
Consideration Sum |
original buyer; the Stamp Ordinance requires that in such cases the consideration money paid by the |
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(in Ringgit Malaysia) |
the one inserted in the form, as regulating ad valorem duty (Stamp Ordinance 1949). Please refer to item 32(b), First Schedule |
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of the Stamp Ordinance 1949 for the stamp duty chargeable on sale of any stock, shares or marketable securities. If the |
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transferor or transferee is a body corporate, the execution of this instrument must be done in accordance with the provision of |
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the constitution of its incorporation. |
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8. Dated this |
day of |
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*Strike out whichever is inapplicable. |
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A husband must not witness the signature of his wife or vice versa |
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