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Simple Transfer – What it is and it's purpose

Pontus Rudbo avatar
Written by Pontus Rudbo
Updated over a week ago

A transfer is the transition of ownership from one person to another. This covers all combinations of:

  • From one individual to another individual

  • From an individual to their own company or another company (organization)

  • From a company to oneself or to another individual

  • From one company to another company

Transfers can occur, for example, through purchase, exchange, gift, inheritance, or other reasons. A simple transfer should be used in all cases when registering a transition of ownership from one person to another. In NVR, for the sake of simplicity, the transferring party is referred to as the "seller" and the receiving party as the "buyer," regardless of whether the transfer was made through purchase, exchange, gift, inheritance, or any other reason.

Please note that you can only transfer shares that are free to transfer. If shares have been registered in NVR as pledged, the pledge must be deregistered before the transfer can be registered.

If the shares are registered in NVR as being subject to rights of first refusal or other restrictions, you will receive a warning about this. The transaction will still be able to be registered, but you should verify what actions you are required to take depending on how these rights/restrictions are formulated in the Articles of Association. In some cases, there may be actions you must take before the new owner can be entered into the share ledger.

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