Directors' Resolution to Issue Shares (Circulating Resolution)This Directors' Resolution may be used to approve an issue of shares to particular (prospective) shareholders.
In order to issue shares in the company to a prospective member, a resolution of directors is required to:
- accept the application for the shares from the prospective member;
- accept the funds;
- issue share certificate; and
- enter the new member and their shareholding on the register of members.
For this resolution to be effective, you must attach to the resolution a form with all details of the shares to be issued, including the reference number for each separate issue, allottee, class and number of shares, and issue price.
This resolution can be inserted into:
Where you wish to pass the resolution in a directors' meeting, you must use the documents above. Simply copy and paste the text of the resolution.