I have been asked by a client to issue some shares to a new shareholder. The company is very small, I don't think it has traded and there are two current (50:50) shareholders who are also the two directors.
The shares are newly created shares, issued at par value and will constitiute 5% of the total shares in issue.
Is it as simple as:
Looking at the Articles to see how the directors have to go about issuing shares
Write up the motions and minutes of the directors' meeting in line with the articles.
Consider the value of the business (highly likely to be very low) and the value of the trasnasction for CGT purposes (even lower than the value of the company!)
Account for the new share capital and the cash receivable
What have I missed? Are there any obvious banana skins?