Document Type: DOCX
Number of Pages: 2
A Board Resolution for the Issuance of New Shares is a formal decision made by the board of directors of a company to approve the issuance of new shares. It is typically done to raise additional capital, expand the business even fulfill other corporate objectives.It contains the following key details:1. Company Details2. Resolution Approving Issuance of New Shares3. Terms of the Issuance4. Authorization for Compliance5. Certification of the ResolutionPurpose:1. It ensures that the company’s decisions regarding new shares are properly documented.2. It protects both the company and its shareholders by ensuring that the process is transparent and is done in accordance with the law3. It authorizes company officers to implement the decision e.g. Filing with the Registrar of Companies, updating the share registerDownload an editable template which you can customize to meet your needs.
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