S.L. 364.6 Art. 7Transfers causa mortis of company shares.

(1) For the purposes of article 46 of the Act, a person to whom shares in a limited liability company registered in Malta are transmitted shall not later than six months after the causa mortis happening of the transfer causa mortis give notice thereof to the Registrar of Companies.

(2) The notice shall contain:

(a) the name and last address of the person from whom the transfer causa mortis originates;

(b) the name and address of the transferee causa mortis;

(c) the number of the official document produced for ascertaining the identity of the transferee causa mortis and of the person from whom the transfer causa mortis originates;

(d) a complete list of the shares included in the transfer, irrespective of whether the company to which the transfer refers is registered with the Registrar of Companies or otherwise; and

(e) the manner in which the shares devolved on the transferee giving all the details as are causa mortis referred to in rule 4(2)(c).

(3) The Registrar of Companies shall register and index the said notice by reference to the name of the transferee, the name of the person from whom the transfer causa mortis originates, and the name of the company to which the shares refer.

(4) The payment of duty shall be indicated by the Commissioner on the notice aforesaid, and no such notice shall be accepted by the Registrar of Companies unless the payment of the relative duty is so indicated thereon.