Board minutes: business purchase buyer

When do I use this document?

• for the allotment of new shares in a private limited company
• for a subscription for shares in a company for cash
• for a standard application for new shares without a separate subscription or investment agreement

What are the key features?

• alternative subscription letters depending on whether the subscriber is an individual or a company
• to be completed with information about the company issuing shares and the subscriber, the number of shares and price per share

Following the subscription, the details of the shareholder and issued shares should be recorded in the company’s register of allotments and register of members – see  Statutory Registers Template

What other documents are available?

For fuller forms forms of share subscription agreement and explanations for their use, see Subscription Agreement Template