What are the restrictions on the sale of shares of the corporation and what procedures are required ...?

Good day.

Each type of joint stock company has its own rules regarding the procedure for the sale of shares.

According to the charters of some joint-stock companies or corporate agreements concluded between the shareholders of such companies, there may be restrictions for the Seller regarding the sale of shares to a third party (Buyer).

Such restrictions include establishing the preferential right of other shareholders to purchase shares that are alienated by the Seller to a third party, or establishing the Seller's obligation to conduct preliminary negotiations with other shareholders regarding the conclusion of a share purchase agreement with a third party.

It may also be necessary to obtain written consent from other shareholders to enter into this Agreement.