The Stock Transactions Procedure provides the format for recording stock issuances and transfers. Since the company is privately held, the company will serve as the corporate transfer agent. All issuances or transfers of common stock will be properly recorded and maintained. All transactions are to be posted in a timely manner and, upon proper authorization and notification, are to be open to inspection by officers, directors, shareholders, and regulatory authorities. (6 pages, 594 words)
The Finance department will be responsible for adhering to this statement for all stock transactions. The CFO will oversee the preparation, signing and issuance of stock certificates to each shareholder within ten (10) business days of receipt of investment. All stock transfers are directed to the company with appropriate written instructions for the transfer and require the original stock certificate with proper endorsement on the back.
Stock Transactions Responsibilities:
The Chief Financial Officer (CFO) is responsible for processing all stock sales from private placements, overseeing the preparation of shareholders’ stock certificates, updating the stock issuances journal, and overseeing all transfers of common stock by shareholders.