The complete process typically takes 2-3 days, depending on whether resolutions need to be passed. Once you submit the details, if resolutions are required, the respective shareholders will receive an email for digital signing. Once all signatures are completed, the share allotment will be finalised and filed with Companies House.
No, stamp duty is not required for allotting new shares. Stamp duty only applies to stock transfers where the consideration is over £1,000. Share allotment involves creating new shares, not transferring existing ones, so no stamp duty is payable.
Yes, the service includes filing the SH01 (Return of Allotment of Shares) form with Companies House. We handle the entire filing process on your behalf, ensuring all information is accurate and compliant with Companies House requirements.
Whilst not immediately required, filing a confirmation statement after allotting shares ensures that Companies House has current and accurate information about your company's share capital. You have the option to file it immediately after share allotment through our platform, or you can submit it later from the Confirmation Statements section when it's due.
Pre-emption rights, also known as pre-emption provisions or rights of first refusal, are the rights that existing shareholders have to purchase additional new shares in proportion to their existing holdings before those shares are offered to new shareholders. These rights are designed to protect existing shareholders' ownership percentages and voting rights within the company.
When a company plans to issue new shares, it must first offer these shares to existing shareholders based on their current shareholding proportions. This process ensures that existing shareholders have the opportunity to maintain their proportional ownership in the company and prevents dilution of their ownership stake. Our platform helps you navigate these requirements and ensure compliance.
You'll need to provide details about the shares being allotted, including the number of shares, share class, nominal value, and the shareholders receiving the shares. You'll also need to provide the statement of capital showing the company's share capital structure after the allotment. Our platform guides you through each step and ensures all required information is captured.
Yes, you can allot shares to both existing shareholders and new shareholders. When allotting to existing shareholders, you'll need to consider pre-emption rights (as mentioned above). Our platform helps you manage this process and ensures all legal requirements are met, whether you're allotting to existing or new shareholders.
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