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Definition

The form which must be completed and signed by both the purchaser and seller of shares for a transfer of shares to take place. In practice, since shares on the JSE were dematerialised, stockbroking firms have nominee companies which own your shares on your behalf. This means that share transfers can take place without requiring you to sign all the paperwork. CM42 forms are still, however, required for the transfer of shares in private unlisted companies.

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