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.
Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.