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asset Legal Transfers
 
 

Requirements for Exceptional Transfers at DSM’s Legal Department

 

1.Family Transfers between Fathers, mothers, sons, grandfather, grandmother, brothers, half brother and spouses.

  • Presence of the shares owner personally, if he is of maturity age (18 years).

  • Presence of the father if the shares owner is minor.

  • Attachment of copies of ideality cards, birth certificates and original and copies of the powers of attorney.

  • Attachment of Proof of the relevant family relationship.

  • Copies of the birth certificates in cases of transfers between father and sons, grandmother and grandsons, half brothers and a copy of the marriage contract or the passport in case the passport bears the name of the husband for transfer between the spouses.

2.Hereditary Transfers

  • Attachment of copies of ideality cards of all heirs.

3.Other Exceptional Transfers

 

Transfer of shares between the shareholders of the company or between the company and its branches.

  • An application from the transfer of shareholder if the transfer is of his own shares, and from all shareholders if the transfer is from the company’s name.
  • The Commercial Registration of the company and a copy thereof.

 

Note:

An exceptional transfers will not be carried out unless the abovementioned requirements are satisfied and the prescribed Commission being: (0.00055) of the shares value on the basis the closing price of the of previous day. 

1. If the value of the shares is QR (100.000) the commissions will be QR(55)

 
 

 
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