Share certificate in short
The basics: Shares are a normal part of running a company and can serve a number of functions. Whether that’s securing funding for the business, or incentivising existing team members to remain with the company, shares can be a particularly valuable asset in propelling a business forward. There’s plenty to consider when doling out shares, from issues of tax, to how you slice and dice the business: but what kind of documentation might you need?
Share certificate is required: There are legal considerations to issuing shares, which include the requirement of a share certificate. Under company law a company has a duty to provide a shareholder with a certificate for any shares issued or transferred to them. This needs to be done within a period of 2 months from the date that shares are issued, or a transfer of shares is lodged with the company.
What should your share certificate include?
A share certificate provides evidence of title to shares in a company. Simple stuff. It’s important to note that a share certificate should be signed as a deed. This means that it needs to be signed by two directors, one director and the company secretary (if appointed) or one director in the presence of a witness.
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