Application for Shares
An Application for Shares document indicates number of shares and type of shares that an entity is applying for. It also serves as an agreement by that entity to be bounded by the Constitution of the company, and authorising the company to put his/her name in the Member Register.
4.6 (12 reviews)
Last updated December 19, 2024
Under 5 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
An Application for Shares document indicates number of shares and type of shares that an entity is applying for. It also serves as an agreement by that entity to be bounded by the Constitution of the company, and authorising the company to put his/her name in the Member Register.
The Legal Risk Score of a Application for Shares Template
Our legal team have marked this document as low risk considering:
- The application for shares is unconditional, meaning once the applicant submits the application and payment, they are fully committed without any provisions for changes or withdrawal.
- By completing the application, the applicant agrees to be bound by the constitution of the company, which could include terms and conditions that may not be fully disclosed or understood at the time of signing.
- The document entrusts the company with the responsibility to register the applicant as the holder of the shares and issue share certificates, processes that rely on the company's timely and accurate administration.
Application for Shares Checklist
Complete your free Application for Shares with our checklist
Submit Payment
Ensure the subscription price for the shares is paid in full to the company as specified in the application.
Confirm Registration
Verify with the company that you have been registered as the holder of the shares in the Company's Register of Members.
Acquire Share Certificate
Obtain the share certificate from the company to confirm share ownership officially.
Review Company Constitution
Familiarise yourself with the constitution of the company to understand the rights, duties, and obligations associated with the shares.
View Sample Application for Shares
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