Allotment of shares – from US$85.00
The issue of shares is essentially the process by which companies create new shares to pass onto shareholders, who may themselves be new or existing shareholders. Companies can issue shares to both individuals and corporate bodies.
Need your allotted shares to be updated on the current annual return?
Details of allotted shares will not be updated on an annual return until after the filing of the next annual return. If you wish your allotted shares to show to file an updated annual return straight away, you can add the Annual Return Preparation and Filing Service to your order at the discounted price of US$35.00 (including the Companies Registry filing fee).
What’s included in our price?
We will prepare the following documentation:
- Application Letter: All shareholders wishing to buy or receive new shares, should sign a letter addressed to the company, applying for new shares, and agreeing to take them in accordance with the company’s constitution.
- Special Resolution (where applicable): If a company is issuing more shares to a new shareholder, the existing shareholder(s) must pass a special resolution to approve the increase in share capital and disapply pre-emption rights.
- Meeting Minutes: Companies are required by Companies and Other Business Entities Act 2006 (Chapter 24:31) to maintain minutes of all meetings of the directors and for these to be available for inspection by any director. The directors should approve minutes to allot new shares to the persons applying for them.
- Return of Allotment of Shares Form: This form is used to allot shares, and it must be completed and delivered to the Companies Registry within one month of any allotment of shares, otherwise an offence is committed by every officer of the company who is in default (under Companies and Other Business Entities Act [Chapter 24:32])
- Share Certificate(s): Companies are required to issue share certificates to shareholders within two months of an allotment of shares or the date when the documents necessary to effect the issue have been received by the company.
How it works?
- Order by calling or WhatsApp 0778 702 715 or 0242 (709 884.
- We will request for the company name and/or company number and we conduct a file search and produce a statutory report.
- You make payment.
- We will prepare the return of allotment form and all required documentation.
- You will receive signing documents in 1-2 working days by email, including the application letter, board resolution, meeting minutes and share certificate(s) or you can sign at our offices.
- The return of allotment requires to be signed, and returned to our offices, for onward submission to the Companies Registry.
- If required we will file an annual return to record the share allotment(s).
Important points to note:
- Outstanding annual returns and share capital redenomination should be updated concurrently with the share allotment.
Allotment of shares – from US$85.00
Order by calling or WhatsApp +263 778 702 715 or +263 (0242) 709 884 now if you wish to change your company name.
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Frequently asked questions
When will my documents be ready?
The documents will be ready within 7-9 working days working days, after all required information is provided.
Can I order this service if I didnot register my company through Companies?
Yes you can. Infact you can order any of our services even if you did not register a company with us.
What information do I nedd to provide?
- Full Name(s).
- National Identity number.
- Address.
- The number and class of shares being alloted.
What class of shares can be alloted?
For most companies, only Ordinary shares can be alloted. Creation of additional share classes or amendments to the article of association are not included in this service, and must be purchased separately (speak to the Company Secretarial team by calling us on +263 778 702 715 or emailing us on cosec@companies.co.zw for more information).
What is an annual return?
An annual return is a report containing accurate and up-to-date information about a Private Limited Company on a certain date. The purpose of filing an annual returnt (at least once every 12 months) is to confirm the Private Limited Company details, and report to the Companies Registry any changes to shareholders’ details and/or issued share capital.
Why should I file an annual return?
If you would like to see updated shareholders’ information on the Companies Registry records, you should file an annual return, otherwise the new shareholding will not be visible until the next annual return is filed. Some banks will request that up-to-date shareholder information is recorded at Companies Registry.
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Companies.co.zw, is a service of Companies Made Easy aka CME, registered in Zimbabwe at Pockets Building, 50 Jason Moyo Avenue, Second Floor, Suite 208 & 209, Harare, Zimbabwe. Company registration number: 18567/2021. CME offers company registration in Zimbabwe and corporate secretarial services.
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Tel: (0242) 709 883
Mobile: 077 470 9378
Email: info@companies.co.zw
Tel: (0242) 709 883
Mobile: 077 470 9378
Email: info@companies.co.zw
Copyright 2022 © Companies Made Easy