Even if one does not hold any shares, they are still eligible for the rights issue. They can apply for the rights shares either through the RTA's portal or via net banking ASBA if their bank permits it.
You will issue stock initially at your first shareholders meeting. It is at this meeting that the founders of your company are issued stock, usually in exchange for assets. After this initial shareholders meeting, additional stock can be authorized and issued by your Board of Directors.
Issuing shares in a new company When a company is formed, the proposed shareholders or their agent must lodge an application for incorporation on the Companies Register. That application must state: the number of company shares to be issued, and. the name of each proposed shareholder.
In California, a corporation must authorize at least one share but may authorize any number. You, as the founder, can be the sole stockholder and own all authorized shares yourself, or you can issue shares to others who you desire to co-own the corporation.
Here are the steps to issue shares in a corporation: Decide how much capital to raise. Decide the number of shares to be issued. Decide corporation will be public or private. Set value for each share. Choose the type of stock. Prepare a shareholder agreement. Issue stock certificates.