anyone know how shares are issued in a limited company?

Answer 1

I have interpreted your question in different ways so I will limit my reply to how they are produced.

The Company Secretary, who is an officer of the company not the typist, will probably have a book entitled 'Register of Members' within which may also be a number of blank share certificates with perforations so they can be torn out and handed over to the shareholder. Sometimes these certificates come in a separate book or they may be printed using appropriate software.

Each certificate must show:
the name of the company;
the certificate number;
name and address of shareholder;
number of shares (in words) assigned to the shareholder;
type of shares (e.g. ordinary);
nominal value of each share;
date acquired;
signature(s) of officer(s);
company seal (optional) - although it is no longer a legal requirement for a company to have a company seal, its use enhances security of legal documents.

Is this what you wanted to know? If not, I would suggest that you amend your question.

Answer 2

A limited company will define this in their Organization Agreement, I believe. It breaks out who gets how much of what shares, how any Capital Equity will be held (usually that the company has to set up an account for each), who has what responsibilities, etc.

In a regular (C) corporation, the Treasurer is in charge of the distribution of these shares, and can answer these kinds of questions. I'm trying to remember if a limited company has to have the same role, or if the principals share in this responsibility.

That's the best I can remember today. There are two documents that are set up in the beginning, I believe it's the Organizing Agreement that has this information.

Answer 3

Normally, for small companies, it's issued as 'paper-work' as in a piece of paper that says "This person owns 69 shares in our company".

Larger companies do this electronically.

Hope this answers your question!

:-)

Answer 4

yep on pieces of paper
x x x