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 at a board meeting.

Use these minutes to approve a cash allotment and record the key allotment details

The resolution records the number of shares applied for, the subscription monies and the share certificate numbers.

Key filing point: SH01 and Statement of Capital within one month

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.

Where shareholder authority and pre-emption disapplication are needed

These minutes have been updated to include relevant wording for situations where shareholder approval is required to authorise the directors to allot the shares and to disapply pre-emption rights. This will not always be necessary.

Board Minutes – Directors’ Resolution to Allot Shares for Cash is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.