Shareholder Letter of Application for Subscription to Shares
This Shareholder Letter of Application for Subscription to Shares is used when a person wishes to subscribe for shares in a company. The letter confirms the number of shares subscribed for and specifies the amount paid per share. If the amount paid per share is the nominal value, then this is also known as the “par value” and the option “at par” should be chosen. If the amount paid per share is more than the nominal value, then the shares will have been issued at a premium and this amount should be entered. The letter also authorises the subscriber’s name to be added to the Register of Members, and provides for an undertaking to pay the subscription monies for such shares either in full and on demand (if the letter has been issued before the company has been formed) or by attaching the remittance to the letter (if the company is in existence).
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
This Shareholder Letter of Application for Subscription to Shares is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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