Q: Lost Stock

Q : Last year one of the freehold properties was sold to a new owner. It has taken a year to receive a letter of undertaking from the previous owner’s solicitors to state if the lost share certificate is found they will return it to us. We have requested a stock transfer form to issue a new share certificate. Two months have passed and we not received the stock transfer. Is this necessary for us to receive a stock transfer form? If a stock transfer form is required can we issue it? If we can issue this form what do we need? FPRA Hon Consultant Yashmin Mistry replies : A stock transfer form is the standard document required for the transfer of shares in the UK. It contains details of both the seller and buyer of the shares, the type and number of shares being transferred and the consideration paid by the buyer. We would suggest you chase up the solicitors for the stock transfer form. Without it the new share cannot be issued to the incoming tenant.

Q: Lost Stock

Q : Last year one of the freehold properties was sold to a new owner. It has taken a year to receive a letter of undertaking from the previous owner’s solicitors to state if the lost share certificate is found they will return it to us. We have requested a stock transfer form to issue a new share certificate. Two months have passed and we not received the stock transfer. Is this necessary for us to receive a stock transfer form? If a stock transfer form is required can we issue it? If we can issue this form what do we need? FPRA Hon Consultant Yashmin Mistry replies : A stock transfer form is the standard document required for the transfer of shares in the UK. It contains details of both the seller and buyer of the shares, the type and number of shares being transferred and the consideration paid by the buyer. We would suggest you chase up the solicitors for the stock transfer form. Without it the new share cannot be issued to the incoming tenant.

Question 1

Lost Stock

Accepted Answer

Q: Last year one of the freehold properties was sold to a new owner. It has taken a year to receive a letter of undertaking from the previous owner’s solicitors to state if the lost share certificate is found they will return it to us. We have requested a stock transfer form to issue a new share certificate. Two months have passed and we not received the stock transfer. Is this necessary for us to receive a stock transfer form? If a stock transfer form is required can we issue it? If we can issue this form what do we need? FPRA Hon Consultant Yashmin Mistry replies: A stock transfer form is the standard document required for the transfer of shares in the UK. It contains details of both the seller and buyer of the shares, the type and number of shares being transferred and the consideration paid by the buyer. We would suggest you chase up the solicitors for the stock transfer form. Without it the new share cannot be issued to the incoming tenant.

Question 2

Lost Stock

Accepted Answer

Q: Last year one of the freehold properties was sold to a new owner. It has taken a year to receive a letter of undertaking from the previous owner’s solicitors to state if the lost share certificate is found they will return it to us. We have requested a stock transfer form to issue a new share certificate. Two months have passed and we not received the stock transfer. Is this necessary for us to receive a stock transfer form? If a stock transfer form is required can we issue it? If we can issue this form what do we need? FPRA Hon Consultant Yashmin Mistry replies: A stock transfer form is the standard document required for the transfer of shares in the UK. It contains details of both the seller and buyer of the shares, the type and number of shares being transferred and the consideration paid by the buyer. We would suggest you chase up the solicitors for the stock transfer form. Without it the new share cannot be issued to the incoming tenant.

Lost Stock

Search

Articles Archive