Companies raising funds
Issuing shares to new investors.
New share administration
Share Allotment
Organise the corporate approvals, records and filing work for an approved allotment of new shares.
About this service
Issuing new shares in your company
A share allotment creates new shares, usually to raise money or bring in a new shareholder. It increases the company's share capital and can change everyone's ownership percentage.
Directors need authority from shareholders to allot shares, and the allotment is lodged with ACRA, generally within 14 days.
Who it's for
Is this you?
Founders adding capital
Injecting more money into the company.
Teams sharing ownership
Bringing a key person in as a shareholder.
What we handle
What working with us covers.
Every request is a little different, so we shape the work around your situation.
- 01Review of the proposed allotment
- 02Guidance on required company information
- 03Preparation of the relevant company records
- 04Filing and register updates where applicable
Before you start
What you'll need.
Have these ready and we can move quickly. Don't worry if something is missing; we'll tell you what to look for.
- Number and class of new shares
- Who will receive them and at what price
- Proof of payment, if shares are paid in cash
- Your current shareholding table
How it works
From first message to done.
- 1
Plan the allotment
We go through the new shares, price and effect on ownership.
- 2
Prepare approvals
Shareholder and directors' resolutions are drafted.
- 3
Lodge with ACRA
The return of allotment is filed once approved.
- 4
Update records
Share certificates and registers are updated.
Questions
Share Allotment: common questions.
Will an allotment dilute existing shareholders?
Usually yes, unless existing shareholders take up the new shares in proportion.
Do new shares have to be paid in cash?
Not always. Shares can sometimes be issued for other consideration, which needs proper documentation.
Can I create a new class of shares?
Yes, if your constitution allows it or is amended to. This needs careful drafting.
Talk to us about Share Allotment.
One message is enough to start. We reply with what applies to you and what we need.
