Sample Board Resolution for Issuance of New Shares in Kenya

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Document Overview

A Board Resolution for the Issuance of New Shares is a formal decision made by the board of directors of a company to approve the issuance of new shares. It is typically done to raise additional capital, expand the business even fulfill other corporate objectives.

It contains the following key details:
1. Company Details
2. Resolution Approving Issuance of New Shares
3. Terms of the Issuance
4. Authorization for Compliance
5. Certification of the Resolution

Purpose:

1. It ensures that the company’s decisions regarding new shares are properly documented.
2. It protects both the company and its shareholders by ensuring that the process is transparent and is done in accordance with the law
3. It authorizes company officers to implement the decision e.g. Filing with the Registrar of Companies, updating the share register

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Sample Board Resolution for Issuance of New Shares in Kenya

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