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FORM 12 APPLICATION FOR CHANGE OF SHAREHOLDERS/SHAREHOLDINGS SECTION I: BACKGROUND Brief details of the proposed change: Reason for changing the shareholding structure: SECTION II: PROPOSED SHAREHOLDERS

How to fill out ordinary shares and preference

How to fill out ordinary shares and preference:

1. Begin by gathering all the required information and documents, such as the company's articles of association, share purchase agreement, and any relevant shareholder agreements.
2. Determine the number of ordinary shares and preference shares that need to be filled out. This can usually be found in the company's bylaws or shareholder agreements.
3. Fill out the necessary information for each share, including the shareholder's name, address, and contact information. Specify the type of share (ordinary or preference), the number of shares being issued, and any relevant restrictions or conditions.
4. Calculate the total value of the shares being issued, if applicable. This may involve determining the face value of the shares or assessing any additional premiums or discounts.
5. Obtain the necessary signatures from both the issuing company and the shareholder(s) receiving the shares. This may require the involvement of authorized signatories or directors of the company.
6. Ensure that all completed share certificates or other relevant documents are properly filed and maintained for future reference.

Who needs ordinary shares and preference:

1. Companies and businesses that require capital or funding often issue ordinary shares and preference shares to attract investors and shareholders.
2. Potential investors who want to have ownership in a company and participate in its profits and decision-making may be interested in acquiring ordinary shares.
3. Preference shares are typically sought after by investors who prioritize receiving fixed dividends or preferential treatment in the distribution of assets in case of liquidation.
4. Startups or companies that want to offer different rights or preferences to different shareholders may use a combination of ordinary shares and preference shares.
5. Shareholders may also need ordinary shares or preference shares when buying or selling existing shares through a private transaction or on the secondary market.

For pdfFiller’s FAQs

What is ordinary shares and preference?

Ordinary shares and preference refer to different types of shares in a company. Ordinary shares typically carry voting rights and do not have any special privileges or preferences regarding dividends or liquidation. Preference shares, on the other hand, usually have certain preferences over ordinary shares, such as fixed dividends or priority in case of liquidation.

Who is required to file ordinary shares and preference?

The company or organization issuing the shares is responsible for filing information about ordinary shares and preference.

How to fill out ordinary shares and preference?

To fill out ordinary shares and preference information, you need to provide details such as the number of shares issued, their class (ordinary or preference), voting rights, dividend preferences, and any other relevant information. This information is typically reported in the company's annual financial statements or relevant regulatory filings.

What is the purpose of ordinary shares and preference?

The purpose of ordinary shares is to provide ownership and voting rights to shareholders in a company. Preference shares, on the other hand, serve the purpose of offering certain preferences or benefits to shareholders, such as fixed dividends or priority in case of liquidation.

What information must be reported on ordinary shares and preference?

The information reported on ordinary shares and preference includes the number of shares issued, their class (ordinary or preference), details about voting rights, dividend preferences, and any other relevant information that may be required by regulatory authorities or stakeholders.

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