Allotting Shares under the Companies Act - The 5 Step Procedure

Introduction

Using case studies and real life examples, this session will explore the 5 step procedure for allotting shares under the Companies Act and typical clauses in the Articles and any Shareholders’ Agreement.

For further details regarding share classes, please see Jackie Sheldon’s session The ABC of Share Classes - All You Need to Know - Learn Live .

What You Will Learn

This interactive session will cover the following:

• The 5-step procedure for allotting shares under the Companies Act 2006
• What to do if you have a pre-2006 Act company
• Share classes: what is a share class and how to create one
• Filings following an issue
• Directors’ considerations and minutes
• Sample minutes, sample Directors’ and Shareholders’ resolutions
• Typical clauses in the Articles and any Shareholders’ Agreement
• Recent case law
• What to do if the procedure was incorrect

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.