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Allotting share capital

SH01 form

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A company was formed under Companies Act 1985 and has 1,000 authorised shares and 2 issued shares (the former taken from the articles, the latter from the accounts).

What is the procedure to allot new shares please? Board minute or ordinary resolution and is SH01 required?

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By johngroganjga
21st Nov 2019 07:51

The allotment is achieved by the resolutions required by the Articles being passed by the board (if they have authority) or the members.

The SH01 (yes it is required to be filed) just reports at Companies House that new shares have been allotted. It is not part of the allotment procedure as such. It cannot logically be filed until the allotment procedure has been completed.

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