Businesses with a share capital: The company should not (within 60 days of the execution) register any transfer of shares or ownership interest to any beneficial owners with proper instruments.

Application by the transferor: The transfer should not be registered until the company has notified the transferor within 2 weeks of the notice of the receipt.

• For memorandum subscribers- Within 2 months from the date of incorporation.
• Allocating all the shares of the company- within 2 months from the allocation date.
• Debenture allocation within 6 months of the allocation date.