|Share Allotments Resolutions||
This is a template to approve the allotment of shares. The documents are set up to provide for any class of shares.
The first step is for a person to subscribe for shares in the capital of the company. The individual must indicate how many shares he needs and the amount he is going to pay for the shares.
The company directors then approve the allotment of the shares. The company directors must approve the number of shares of a specific class that are being issued and confirm the amount the shares are being issued for.
A share certificate is prepared by the company to evidence the allotment of the shares and maintained in the minute book of the company.