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Companies and Intellectual Property Commission Republic of South Africa Form CoR 126.1 About this Certificate ? This Certificate is issued in terms of section 138 of the Companies Act, 200,8 and Regulation.

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Normally a company would issue about 100 of a 1000 shares to shareholders. This is called 'Issued Shares'. Depending on the growth plans of a new company, it is wise to issue a limited amount to the current shareholders / investors. This leaves space for future growth.

Issue at least one share when forming a company If you're going to be the only shareholder, you only need to issue (allot) one share to yourself. If the company is going to have more than one shareholder, you need to issue at least one share to each shareholder.

The share detail will be displayed with an Edit Share button next to each share class. 8.1 Click on Edit Share next to the class you wish to change. 8.2 Click + Add Class if you wish to add another class of shares.

Either the directors or shareholders of a company may increase or decrease the number of authorised shares for a particular share class by amending the Memorandum of Incorporation (“MOI”) and filing a COR15. 2 with the CIPC.

Many experts suggest starting with 10,000, but companies can authorize as little as one share. While 10,000 may seem conservative, owners can file for more authorized stocks at a later time. Typically, business owners should choose a number that includes the stocks being issued and some for reservation.

Authorised shares are the number of shares that a company is legally allowed to issue. As an example, when a company is registered with the Companies and Intellectual Properties Commission (CIPC) – a certain number of shares, i.e. one thousand (1000) shares, will be authorised by notice to the CIPC.

The number of authorized shares is specified in the company's articles of incorporation. You can also see the number in the capital accounts section on the balance sheet....Authorized capital shares include all types of shares that can be issued, such as: Common shares. Preferred shares. Restricted shares.

Normally a company would issue about 100 of a 1000 shares to shareholders. This is called 'Issued Shares'. Depending on the growth plans of a new company, it is wise to issue a limited amount to the current shareholders / investors.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232