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Description

When you issue (‘allot’) new shares in a Zimbabwean company after company registration you must complete The Return of Allotment of Shares. It should be delivered to the Companies Registry within one month.

Requirements:

• Registered name and number of the company.
• Date of allotment.
• Details of the new shares (TYPE/CLASS).
• Total number of shares previously allotted.
• Number of shares now allotted.
• Total number of shares allotted (including those previously allotted).
• Names and addresses of the allottees.
• Details of shares issued for non-cash payments.
• Statement of capital.
• Authorising signature.

As a licensed consultant with the Deeds Companies and Intellectual Property (DCIP), we can make these amendments on your behalf saving time and hassle.

Process Time

Most filings are processed at the Companies Registry within 7-9 working days, however if you need the documents earlier than than, inform us beforehand.

Important Notes

Before issuing new shares, check the articles of association and shareholders’ agreement for pre-emptive rights. The current shareholders have the right to purchase new shares before anyone else.

Before issuing new shares, annual returns and declaration of annual general meeting should be up to date.

How to order

Order by calling or WhatsApp (0242) 709 883, 0777 660 517 or email info@companiesmadesimple.co.zw