Register of share applications and allotments
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What’s a register of application and allotments and when do you need one?
This register includes information of the application for and the allotment of new shares.
It's a useful register since it records the issue of shares and maintains a list of who owns which shares.
For each class of shares, you'll need a different table/sheet.
This register is part of our suite of registers, often called the ‘statutory books’, that a limited company must have in place.
Other registers within this suite include:
- Register of secretaries
- Register of debentures
- Register of directors' interests
- Register of directors' residential address
- Register of directors
- Register of mortgages and charges
- Register of persons with significant control (PSCs)
- Register of relevant legal entities (RLEs)
- Register of members and share ledger
- Register of transfers
Not all of these will be relevant to your business in its initial stages of setup and development, but many, if not all, of them, will be relevant as your business grows.
You will need to have them in place and to keep them up to date. Some are mandatory from the outset.