Board Minutes – Directors’ Resolution to Allot Shares for Cash

IN LIGHT OF THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023, THIS TEMPLATE IS CURRENTLY UNDER REVIEW. 

These Board Minutes – Directors’ Resolution to Allot Shares for Cash approve the allotment of shares in a board meeting. The resolution sets out the number of shares applied for, the subscription monies and the share certificate numbers. A copy of the resolution should be sent to Companies House with Form SH01 together with a Statement of Capital within one month of the meeting.

These Board Minutes – Directors’ Resolution to Allot Shares for Cash have been updated to include the relevant wording should shareholder approval be required in order to authorise the directors to allot the shares as well as disapply pre-emption rights. This will not always be necessary. This wording has been included in square brackets.

These minutes are in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.

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