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VCS Africa


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New Share Allotments

The VCS share allotment service will provide all the documentation and forms for the issue of new shares in a company.

Our Service

The VCS share allotment service will provide all the documentation and forms for the issue of new shares in a company. If the shares are to be of a class that has not yet been created, that will have to be done first.

 

The procedure on share allotments is more complex than many people understand but generally the following issues must be considered

The VCS share allotment service will provide all the documentation and forms for the issue of new shares in a company. If the shares are to be of a class that has not yet been created, that will have to be done first.

The procedure on share allotments is more complex than many people understand but generally the following issues must be considered

Authorised Capital:

Every registered company has an authorised capital figure in its memorandum of association. This is the upper limit to the number of shares the company can issue without increasing its authorised share capital.

Shareholders' Consent:

It may be necessary for the existing shareholders to consent to the allotment, either under a provision in the company’s articles or by virtue of a provision of the Companies Act. This can be a complex area and often it is simpler to include such consent in the procedure rather than spend time checking whether one is actually needed.

Pre-emptive Rights:

It may be necessary for the existing shareholders to consent to the allotment, either under a provision in the company’s articles or by virtue of a provision of the Companies Act. This can be a complex area and often it is simpler to include such consent in the procedure rather than spend time checking whether one is actually needed.

Our Value

At VCS, through years of experience, we have become experts in following the necessary procedures and facilitating the allotment of new shares in companies. Our service includes the following:

  • Guidance as to the applicable procedures.
  • Preparation of shareholders' resolutions.
  • Preparation of forms for the Registrar of Companies .
  • Updating the share register
  • Issuance of new share certificates
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