The Shareholder Release Agreement is a crucial document used when a shareholder exits a company or terminates their shareholder relationship in India. It's particularly important in private companies, family businesses, and closely-held corporations where shareholder relationships are more intimate and complex. The agreement, governed by Indian corporate law, particularly the Companies Act, 2013, serves to prevent future disputes by clearly documenting the terms of release, including the relinquishment of rights, claims, and obligations. It typically addresses share transfers, consideration payments, confidentiality obligations, and any continuing obligations. The document becomes especially relevant during corporate restructuring, dispute resolution, or when implementing succession planning, providing a clear framework for clean exits and legal certainty.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies all parties to the agreement including releasing shareholders, company, and other relevant stakeholders
2. Background: Provides context including shareholding history, reason for release, and any relevant corporate events
3. Definitions: Defines key terms used throughout the agreement for clarity and precision
4. Release and Discharge: Core section detailing the scope and nature of release being granted by the shareholder
5. Consideration: Specifies any payment or other consideration being provided in exchange for the release
6. Representations and Warranties: Statements of fact and assurances from both parties regarding their capacity and authority
7. Confidentiality: Obligations regarding confidential information and its handling
8. Governing Law and Jurisdiction: Specifies Indian law as governing law and determines jurisdiction for disputes
9. Notices: Details how formal communications between parties should be made
10. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Non-Compete Provisions: Include when the releasing shareholder needs to be restricted from competing activities
2. Tax Indemnity: Include when specific tax implications need to be addressed and allocated between parties
3. Foreign Exchange Compliance: Required when agreement involves foreign shareholders or cross-border elements
4. Surviving Obligations: Include when certain obligations need to continue beyond the release
5. Director Resignation: Include when the releasing shareholder is also resigning from director positions
6. Return of Company Property: Include when physical or intellectual property needs to be returned to the company
1. Details of Shareholding: Schedule listing all shares held, their class, and other relevant details
2. Release Payment Details: Schedule specifying consideration amount, payment terms, and mechanics
3. Related Party Transactions: List of any ongoing transactions or relationships that need to be addressed
4. Company Resolutions: Copies of relevant board or shareholder resolutions approving the release
5. Outstanding Claims: List of any claims or disputes being released
6. Regulatory Approvals: Copies or details of any required regulatory approvals
Relevant legal definitions
Agreement
Articles of Association
Board
Business Day
Claims
Company
Completion Date
Confidential Information
Consideration
Effective Date
Encumbrance
Group Companies
Intellectual Property Rights
Law
Memorandum of Association
Party/Parties
Related Party
Release
Released Claims
Released Matters
Released Parties
Releasing Shareholder
Remaining Shareholders
Representatives
Securities
Shares
Shareholder Rights
Subsidiaries
Transaction Documents
Transfer
Articles of Association
Board
Business Day
Claims
Company
Completion Date
Confidential Information
Consideration
Effective Date
Encumbrance
Group Companies
Intellectual Property Rights
Law
Memorandum of Association
Party/Parties
Related Party
Release
Released Claims
Released Matters
Released Parties
Releasing Shareholder
Remaining Shareholders
Representatives
Securities
Shares
Shareholder Rights
Subsidiaries
Transaction Documents
Transfer
Clauses
Release and Discharge
Consideration
Representations and Warranties
Confidentiality
Non-Compete
Non-Solicitation
Indemnification
Tax Matters
Share Transfer
Settlement of Claims
Further Assurance
Mutual Release
Return of Property
Governing Law
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Amendment
Waiver
Costs
Force Majeure
Counterparts
Third Party Rights
Regulatory Compliance
Foreign Exchange Compliance
Consideration
Representations and Warranties
Confidentiality
Non-Compete
Non-Solicitation
Indemnification
Tax Matters
Share Transfer
Settlement of Claims
Further Assurance
Mutual Release
Return of Property
Governing Law
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Amendment
Waiver
Costs
Force Majeure
Counterparts
Third Party Rights
Regulatory Compliance
Foreign Exchange Compliance
Relevant Industries
Technology
Manufacturing
Financial Services
Real Estate
Healthcare
Retail
Professional Services
Energy
Infrastructure
Telecommunications
Media and Entertainment
Education
Relevant Teams
Legal
Corporate Secretarial
Finance
Compliance
Corporate Governance
Risk Management
Board Secretariat
Shareholder Relations
Investment Relations
Corporate Affairs
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Company Secretary
Legal Counsel
Corporate Lawyer
Compliance Officer
Board Director
Managing Director
Shareholder Relations Manager
Investment Manager
Corporate Governance Officer
Risk Manager
Finance Director
Business Development Director
Find the exact document you need
Mutual Release Agreement (Real Estate)
An Indian law-governed agreement enabling mutual release of claims and obligations between parties in real estate transactions.
find out more
Covenant Not To Sue Form
An Indian law-governed agreement where one party commits not to pursue legal action against another regarding specific claims while preserving underlying legal rights.
find out more
Unconditional Release From Listing Agreement
An Indian law-compliant document that unconditionally terminates a real estate listing agreement and releases all parties from their obligations.
find out more
Release Of Memorandum Of Contract
An Indian law-compliant document that formally releases parties from their obligations under a previously executed memorandum of contract.
find out more
Release Of Liability Contract
An Indian law-compliant document that establishes a legally binding waiver of liability rights between parties, protecting against potential claims while ensuring regulatory compliance.
find out more
Release Of Covenant
An Indian legal document that formally releases parties from property-related covenant obligations, governed by Indian property and contract law.
find out more
Release Of Contract Form (Real Estate)
An Indian law-compliant document that mutually terminates a real estate contract and releases parties from their original obligations.
find out more
Personal Trainer Release Of Liability Form
An Indian jurisdiction liability waiver form between personal trainers/fitness facilities and clients, protecting trainers from legal claims while acknowledging training risks.
find out more
Mutual Release Agreement Landlord Tenant
An Indian law-governed agreement that mutually releases landlord and tenant from lease obligations and future claims while documenting the terms of lease termination.
find out more
Release And Covenant Not To Sue
An Indian law-governed agreement combining a release of claims with a promise not to initiate legal proceedings regarding specified matters.
find out more
Co Performer Release Agreement
An Indian law-governed agreement where a co-performer releases their rights in a recorded performance, ensuring compliance with copyright and contract laws.
find out more
Use Of Likeness Agreement
An Indian law-governed agreement that establishes terms for the commercial use of an individual's likeness, image, or personal characteristics.
find out more
Likeness Agreement
An Indian law-governed agreement that establishes terms for using an individual's likeness, image, or personal attributes for commercial purposes.
find out more
Video Release Agreement
An Indian law-compliant agreement authorizing the use and distribution of video content featuring an individual's appearance or performance.
find out more
Release Of Liability Waiver Form
An Indian law-compliant legal document where participants waive their right to sue for potential injuries or damages during specified activities.
find out more
Mutual Release Agreement Of Purchase And Sale
An Indian law-governed agreement providing mutual release of claims between buyer and seller following a purchase and sale transaction.
find out more
Waiver Of Rights Agreement
An Indian law-governed agreement documenting the voluntary surrender of specific legal rights, claims, or privileges by one party to another.
find out more
Waiver Of Claims Agreement
An Indian law-governed agreement where one party formally relinquishes specified legal rights or claims against another party, creating a binding waiver of future legal action.
find out more
Resignation Agreement And General Release
An Indian law-governed agreement documenting an employee's voluntary resignation and mutual release of claims, detailing separation terms and final settlements.
find out more
Release Of Guaranty Form
An Indian legal document that formally releases a guarantor from their obligations under a previous guarantee agreement, governed by the Indian Contract Act.
find out more
Contract And Release
An Indian law-governed agreement that combines contractual obligations with a release of claims or rights, subject to Indian Contract Act, 1872.
find out more
Insurance Hold Harmless Agreement
An Indian law-governed agreement combining insurance requirements and hold harmless provisions to establish risk transfer and liability protection mechanisms between contracting parties.
find out more
Debt Waiver Agreement
An Indian law-governed agreement documenting the formal waiver of debt obligations between a creditor and debtor, including terms and conditions of the debt forgiveness.
find out more
Agreement Not To Sue
An Indian law-governed agreement where one party formally commits not to pursue legal action against another party regarding specific claims or disputes.
find out more
Release And Settlement Of Claim
An Indian law-governed agreement that documents the settlement of claims between parties, including release terms and consideration.
find out more
Release Of Security Agreement
An Indian law-governed document that formally releases and discharges security interests over assets, confirming satisfaction of secured obligations.
find out more
Release Of Claim And Subrogation Receipt
An Indian jurisdiction document that releases liability for a settled claim and transfers subrogation rights to the insurer.
find out more
Confidential Separation Agreement And General Release
An Indian law-governed agreement that documents employment termination terms, including confidentiality provisions and mutual releases, while ensuring statutory compliance.
find out more
Release And Waiver Of Liability Form
An Indian law-compliant legal document where participants waive their right to sue for damages related to voluntary participation in specified activities, subject to the Indian Contract Act 1872.
find out more
Release And Hold Harmless Agreement
An Indian law-governed agreement that releases one party from liability and provides protection against future claims, incorporating comprehensive indemnification provisions.
find out more
Release Of Guarantee Agreement
An Indian law-governed agreement that formally releases and discharges a guarantor from their obligations under a previous guarantee arrangement.
find out more
Lease Contract Termination Letter
A formal notice under Indian law to terminate a lease agreement, including essential details about property handover and compliance with local tenancy laws.
find out more
General Release For Employment Termination
An Indian law-compliant agreement documenting employment termination terms, settlement details, and mutual release of claims between employer and employee.
find out more
Equipment Rental Release Form
An Indian law-compliant document establishing terms, conditions, and liability releases for equipment rental arrangements.
find out more
Mutual General Release Form
An Indian law-compliant bilateral agreement where parties mutually release each other from all claims and liabilities arising from specified events or relationships.
find out more
Layoff Release Agreement
An Indian law-governed agreement that documents employment termination terms and mutual releases between employer and employee during a layoff process.
find out more
Land Contract Release Form
An Indian legal document that releases parties from obligations under an existing land contract, governed by Indian property and contract laws.
find out more
General Release Waiver
An Indian law-compliant document that releases one party from liability, claims, or legal obligations to another party, incorporating essential elements under the Indian Contract Act.
find out more
Hold Harmless Vehicle Release
An Indian jurisdiction Hold Harmless Vehicle Release agreement that protects parties from liability related to vehicle usage and incidents.
find out more
Release And Confidentiality Agreement
An Indian law-governed agreement combining release of claims and confidentiality obligations between parties, ensuring information protection while settling rights or claims.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)