(1) |
Answering client’s questions in respect of the issue and allotment of shares or conversion of debt to equity; |
(2) |
Reviewing the Articles of Association and making sure that the proposed increase is within the power of the company; |
(3) |
Preparation of minutes of meeting or written resolution of directors and/or shareholders and relevant share allotment documents; |
(4) |
Delivery of documents to client for signing; |
(5) |
Filing share allotment documents with Companies House; |
(6) |
Issuing new share certificate(s); |
(7) |
Updating Register of Members; |
(8) |
Updating Register of Significant Controller, if applicable. |
(1) |
Debt to Equity refers to the situation where the amount due to parent company is convert to shares/capital in the Singapore subsidiary. |
(2) |
Our above quoted fee is only applicable to cases where the consideration for the issue is cash/debt. We may need to adjust our fee in the case where the consideration is non-cash property, such as fixed assets or intellectual property; |
(3) |
Our fee quoted above does not include reprinting of Articles of Association (AA). Reprinting of AA will involve extra charges. |
(4) |
Our above quoted fees don’t include delivery charge and other out-of-pocket expenses. |
(1) |
Copy of the Articles of Association; |
(2) |
Copy of the latest Statement of Confirmation (Annual Return); |
(3) |
The identification and residential address proof of each new member to whom the new shares are to be issued; |
(4) |
Number of shares to be issued and allotted; |
(5) |
The amount of consideration for the shares taken by each new member; |
(6) |
If the consideration is not in cash, please specify the particulars of the consideration and a copy of the agreement if there is one; |
Step |
Description |
Day |
1 |
Client confirms with Kaizen of the engagement for increase of capital; Kaizen issues and send its invoice to client. |
1 |
2 |
Client emails all materials required to Kaizen and at the same time settles Kaizen’s invoice |
Client schedule |
3 |
Kaizen reviews all corporate documents (and shareholders’ agreement, if any) and prepare the documents for the proposed increase of capital and email the documents to client for sign (by default the documents are to be signed by client electronically) |
2 |
4 |
Client signs the share capital reduction documents and return the signed documents to Kaizen by email |
Client schedule |
5 |
Shareholder remits funds into the bank account of the company and client confirms with Kaizen of the receipt of funds |
Client schedule |
6 |
Kaizen files the share allotment documents with the Companies House |
2 |
7 |
Kaizen prepares new share certificate and update the register of member resulted from the increase of capital |
1 |
8 |
Kaizen delivers capital increase documents to client for retention/safe custody. Process completed |
1 |
Total: 3 days up |
(1) |
An increase of capital takes effect from the date when the board of directors passing the board resolution for the increase, instead of the date when the documents for increase of capital are filed with the Companies House. |
(2) |
The UK Companies House may take 2 to 4 working days to register the documents for increase of capital and then the public can inspect those documents. |
(1) |
A copy of documents filed with the Company House in respect of the issue and allotment of shares; |
(2) |
Updated Register of Shareholders; |
(3) |
A copy of minutes authorizing the issue and allotment of new shares or increase of capital; |
(4) |
A share certificate to each new shareholder; |
(5) |
Updated Register of Significant Controller. |