E. In light of compliance with the requirements of the above sub-clause (a) to d), the Company continues to update the legal records in order to account for the change in the composition of the board of directors and the transfer of the legitimate and economic beneficiary of the sale shares and returns to the purchasers the shares of origin duly confirmed. As an important business practice, the share purchase agreement (SPA) is concluded during the boarding process of a shareholder. Although the newer companies intend to work involuntarily, the absence of such an agreement can result in several unnecessary results that can be avoided quickly. 1.1 The assignor transfers all shares to the purchaser in absolute terms, taking into account the amount mentioned in point 2. 2.2 At the execution date, the shares of sale with the buyers are pledged in order to create a guarantee for the buyers, and a share guarantee contract is executed and signed between the seller and the buyer. 3. COST OF TRANSFER It is agreed that the registration fee for the transfer of the shares (if any) will be borne by the purchaser. May 25, 2020: Indian Tobacco Company (ITC) Limited has agreed to acquire all shares of The Eastern Indian Spice Market Leader, Sunrise Foods Private Ltd (SFPL), under the terms of a share purchase agreement (SPA).
THE CÉDANT wishes to transfer the shares to the purchaser on the terms set out in this share transfer agreement. 5.4 Each contracting party heres all the necessary powers and authorizations to enter into this share transfer agreement. 5.7 Any delay or non-application of the terms of this share transfer agreement and any delay in the event of a violation of its clause by a party does not constitute a waiver of those rights. 5.10 Unless the text of a clause and the entire share transfer contract indicate that a specific clause must mean something other than: all words that are only in the singular are considered plural (and vice versa) and all words indicated in a given sex are considered to be all sexes and all terms that refer to any form of person or person , are considered to be both legal entities (for example. B companies) and individuals (and vice versa). one. At the end of a six-month period from the date of execution, the purchaser will immediately attempt to change the company`s management and participation structure; 2.5 On the date of implementation of this agreement, sellers will make available to buyers and purchasers the unsuitable retraction letters, unsealed share transfer letters (form SH-4) that will communicate to buyers and purchasers the relevant details of the proposed directors and shareholders in order to change the management and transfer of shares of the company. A share purchase agreement guarantees those affected the opportunity to protect their interests well before the transfer of shares. As an all-inclusive agreement, it preserves all aspects of commercial activity and is essential for the parties concerned in order to analyse any provision involved in the agreement and thus understand its importance.
d. Necessary notifications must be submitted to the Registrar of Companies to report changes in the company`s management and participation in accordance with the provisions of the 2013 Companies Act.