MENU

Sample Board Resolution for Issuance of New Shares in Kenya

Document Type: DOCX

Number of Pages: 2

Price: KES 200
Buy with Email    Buy via WhatsApp     

Summary

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 Details
2. Resolution Approving Issuance of New Shares
3. Terms of the Issuance
4. Authorization for Compliance
5. Certification of the Resolution

Purpose:

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 law
3. It authorizes company officers to implement the decision e.g. Filing with the Registrar of Companies, updating the share register

Download an editable template which you can customize to meet your needs.

Below is the document preview. Buy to get the document sent.

  • Sample-Board-Resolution-for-Issuance-of-New-Shares-in-Kenya_176_0.jpg

This is the end of this document preview. Buy to get the document sent.


Disclaimer: This document is not to be taken as legal advise.

Related Documents

  • Minutes of Board Meeting Template

    Minutes of a board meeting are a formal, written record of the discussions and decisions taken during a meeting of a company’s board of directors. They serve as an official account of the...

View all documents