On incorporation of a new co where the Director proposes to take 80 shares and the secretary proposes to take 20 do the need 100 share certificates of £1 or can they have 1 with 80 and 1 with 20.
As usual thanks to all.
Michelle Ward
Replies (9)
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Theory and practice...
In theory, you must issue share certificates, but I've never heard of the Share Certificate Police coming round and breaking the door down...
You know what they say: "In theory, there's no difference between theory and practice, but in practice, there is."
Having said all that, I've always filled out the share certs, but kept them with the statutory books.
Mmmm...
I've always been too busy to save the few quid an agent charges, so I've got my stat books as part of the package. I have on occasion bought stuff from Jordans. This has usually been a 'non-price sensitive' purchase so I don't know how their prices would strike you.
Never the less, I'm astonished that you got a blank response from the suppliers you contacted. Maybe you just were unlucky.
Oyez lists the supply of books and registers on their website! http://www.oyez.co.uk/professionalServices/default.ihtml?step=4&pid=445
A quick scan of the internet throws up http://www.bolsons.co.uk/legal01.htm as a supplier.
Good luck!
one each
You just need to do one certificate for each. There should be spaces on the certificate to write e.g. Mr X is the holder of 80 shares of £1 each or whatever.
yes
Then they can issue either new certificates for both of them showing 70/30 or just destroy his one for 80 and issue one for 70 plus another one for 10 to the wife. She will then have two certificates with 10 on one and 20 on the other, but no matter.