Capital and allotment matters
Share capital transactions should be mapped against the articles, authorised capital, approvals, offer or allotment process, consideration, statutory filings and registers.
Common assignments
- Rights issue
- Private placement
- Preferential allotment
- Bonus issue
- Increase or alteration of share capital
- Share transfer and transmission
Corporate record trail
Board and shareholder records, offers, applications, allotment evidence, share certificates, registers and MCA filings should be consistent with the transaction actually undertaken.