Issue, Allotment & Transfer of Shares – Guidance Note
Guidance Note: Issuing & Transferring Shares
This Guidance Note: Issuing & Transferring Shares is a practical guide for private companies covering the issue, transfer & allotment of new shares. The note aims to complement the various board meeting minutes and shareholder resolutions in this sub-folder.
This Guidance Note includes a discussion of:
- Who shareholders are;
- What share capital is;
- Types and classes of shares;
- Maximum and minimum number of shares in issue;
- Powers to allot new shares;
- Pre-emption rights;
- Issue of new shares;
- Share transfers and possible restrictions on share transfer; and
- The mechanics of transfer through a stock transfer form.
This guidance has been updated as of January 2017 to include a discussion of the actual mechanics of transfer in accordance with section 770(1)(a) of the Companies Act 2006 and the usual means of transfer through a stock transfer form.
This Guidance Note is a useful starting point or ‘aide-memoire’ to a company secretary or administrator considering the often complex issues surrounding the issue, allotment and transfer of shares.
This Guidance Note is in open format.
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