£100 company

£100 company

Didn't find your answer?

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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By AnonymousUser
02nd Sep 2002 17:03

Neil Thanks
Ordered them from Bolsons. I was asking for the stat books instead of the posh name ie Corporate Register, perhaps thats why they didn't seem to know what i was talking about.

Thanks Again

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By AnonymousUser
02nd Sep 2002 13:28

definitely the last question
Neil

Do you know where to buy stat books? Tried oyez, stat plus and HSO none knew what i was talking about. Don't want to go through comp formation Agent as incorporated the Co for the client myself with a DIY kitat no cost.

Thankyou

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By AnonymousUser
02nd Sep 2002 09:26

Last Q i promise
Do you need to have share certificates or can you just put it on a stock transfer form.

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By neileg
02nd Sep 2002 10:42

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.

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By neileg
02nd Sep 2002 14:00

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!

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By AnonymousUser
30th Aug 2002 08:25

Thankyou
Thanks Michael

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By mjbolton7
29th Aug 2002 09:28

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.

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By AnonymousUser
29th Aug 2002 12:23

Transfers later
Thanks Michael

But what happens if he transfers say 10 shares for the nominal value later on to his wife. Can he just issue himself and wife with new share certificates?

Kind Regards

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By mjbolton7
29th Aug 2002 15:53

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.

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